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ECB’s Rehn: Central bank working with all its tools to stabilize inflation at its 2% target

The European Central Bank (ECB) board is working with all its tools to stabilize inflation at its 2% target in the medium term, the central bank’s Governing Council Member Olli Rehn on Thursday.

He said, “it's better to progress step by step in normalizing monetary policy in an uncertain situation.”

Dollar vulnerable to the downside on easing inflation pressures – MUFG

The major foreign exchange rates remain stable as they trade in a holding pattern ahead of the release later today of the latest US CPI report. Econom
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NZD/USD sits near two-week high, just below 0.6700 as traders await US CPI

The NZD/USD pair traded with a mild positive bias through the early European session and was last seen hovering near a two-week high, just below the 0
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