Commenting on the European Central Bank's monetary policy decisions announced yesterday, European Central Bank policymaker and Finnish central bank chief Olli Rehn said that the ECB's policy package was a response to the shortfall in inflation, per Reuters.
"The rate tiering provides us with more space for further rate cuts if necessary," Rehn added.
The EUR/USD pair retreated from its daily highs on these comments and was last seen trading at 1.1092, where it was still up 0.27% on a daily basis.
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