European Central Bank (ECB) Governing Council member Jens Weidmann has told the Wall Street Journal that the ECB could cut interest rates further if the Eurozone economy weakens. The euro fell against the dollar as a result:
(Source: Yahoo! Finance)
Weidmann told the Wall Street Journal:
We might adjust in response to new information.
I don't think that the monetary policy stance is the key issue.
The calm that we are currently seeing might be treacherous.