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The European Central Bank (ECB) Governing Council member, Francois Villeroy de Galhau, is on the wires now, via Reuters, speaking at the World Economic Forum (WEF) in Davos.

Key Quotes:

There is some economic stabilisation in the Eurozone.

Inflation goal must be symmetric, flexible, and credible.

The EUR/USD pair ignores the above comments, as it continues to meander near daily lows of 1.1042 despite upbeat German and Eurozone Manufacturing PMI data.