- Analytics
- News and Tools
- Market News
- ECB’s Rehn: We've started discussion about reducing the restrictive dimension of monetary policy
ECB’s Rehn: We've started discussion about reducing the restrictive dimension of monetary policy
European Central Bank (ECB) policymaker Olli Rehn spoke about the central bank’s interest rate outlook on Friday.
Key quotes
Started discussion about reducing the restrictive dimension of monetary policy.
Talk relates to when it is appropriate to start cutting interest rates.
If inflation continues to fall, can slowly start easing the foot off the brake pedal of monetary policy.
Market reaction
EUR/USD is keeping its gradual advance intact, despite the dovish comments, adding 0.13% on the day to currently trade at 1.0895.
Euro price this week
The table below shows the percentage change of Euro (EUR) against listed major currencies this week. Euro was the weakest against the US Dollar.
| USD | EUR | GBP | CAD | AUD | JPY | NZD | CHF | |
| USD | 0.45% | 0.82% | 0.35% | 0.91% | 1.32% | 1.36% | 0.64% | |
| EUR | -0.45% | 0.38% | -0.11% | 0.46% | 0.86% | 0.91% | 0.21% | |
| GBP | -0.83% | -0.38% | -0.48% | 0.09% | 0.50% | 0.54% | -0.18% | |
| CAD | -0.33% | 0.10% | 0.48% | 0.57% | 0.97% | 1.00% | 0.30% | |
| AUD | -0.91% | -0.46% | -0.09% | -0.56% | 0.42% | 0.46% | -0.27% | |
| JPY | -1.30% | -0.86% | -0.25% | -0.96% | -0.39% | 0.06% | -0.67% | |
| NZD | -1.36% | -0.90% | -0.54% | -1.03% | -0.45% | -0.04% | -0.71% | |
| CHF | -0.64% | -0.20% | 0.19% | -0.29% | 0.27% | 0.66% | 0.71% |
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 Japanese Yen, the percentage change displayed in the box will represent EUR (base)/JPY (quote).
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
