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ECB's Rehn: Central bank has to be ready to react

The ECB governing council member - Olli Rehn added to the earlier comments and said that the Euro area is facing short-term challenges now. The risks are mostly linked to trade tensions and the central bank has to be ready to react.

EUR/USD approaches 1.1300 on USD-weakness

The single currency has regained extra traction in past hours and is now pushing EUR/USD to levels closer to the critical handle at 1.1300 the figure.
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