The euro extended losses against the US dollar, following the explanations of the ECB Governing Council Member Erkki Liikanen that the central bank is resolute to contain any risks that the low increase could pose on price constancy and economic recovery in the currency bloc. EUR/USD hit a session low at 1.3542, after which association followed at 1.3544, losing 0.36% on a daily basis.
The euro came under trade pressure after Erkki Liikanen, Member of the ECB Governing Council and Governor of the Bank of Finland mentioned today that the central bank is strong-minded to deal with any kind of risk for a extended period of low inflation, which would break the value stability and economic retrieval in the euro area.
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