ECB’s Rehn: Policy actions by the ECB are necessary and proportionate

The European Central Bank (ECB) governing council member, Olli Rehn was out with some comments in the last hour and said that the danger of deflation has re-emerged. Policy actions by the ECB are necessary and proportionate, Rehn added further.

Meanwhile, the shared currency picked up some pace in the last hour and has now lifted the EUR/USD pair to fresh session tops, around the 1.1230 region.