ECB’s Rehn: ECB shouldn't rule out a larger interest rate cut

Dhwani Mehta FXStreet

European Central Bank (ECB) policymaker Olli Rehn said on Thursday that the ECB shouldn't rule out a larger interest rate cut.

Additional quotes

There are a few good reasons to pause rate cuts.
Economic risks are starting to materialise.
We must retain full freedom of action, be agile.

Market reaction

Following these dovish remarks, EUR/USD is holding 0.57% higher on the day at 1.1380, having tested the 1.1400 level.

Euro PRICE Today

The table below shows the percentage change of Euro (EUR) against listed major currencies today. Euro was the strongest against the US Dollar.

	USD	EUR	GBP	JPY	CAD	AUD	NZD	CHF
USD		-0.54%	-0.40%	-0.58%	-0.25%	-0.34%	-0.54%	-0.53%
EUR	0.54%		0.14%	-0.03%	0.29%	0.18%	-0.00%	0.01%
GBP	0.40%	-0.14%		-0.17%	0.15%	0.05%	-0.15%	-0.13%
JPY	0.58%	0.03%	0.17%		0.33%	0.26%	0.02%	0.11%
CAD	0.25%	-0.29%	-0.15%	-0.33%		-0.06%	-0.28%	-0.28%
AUD	0.34%	-0.18%	-0.05%	-0.26%	0.06%		-0.19%	-0.20%
NZD	0.54%	0.00%	0.15%	-0.02%	0.28%	0.19%		0.02%
CHF	0.53%	-0.01%	0.13%	-0.11%	0.28%	0.20%	-0.02%

The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Euro from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent EUR (base)/USD (quote).

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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