ECB's Rehn: US efforts to escalate trade war are regrettable

The newly appointed ECB member and the Bank of Finland governor Olli Rehn was out on the wires in the last hour, commenting on the recent hot topic – escalating trade tensions. 

   •  Urges the US to cease the trade war rhetoric.
   •  Says that the ECB is certainly not manipulating the Euro. 
   •  Adds that China's currency is weaker because of trade war threat.
   •  Says that US exit from WTO would damage international order.
   •  ECB policy stance will stay expansionary.
   •  Markets are reading the ECB rate guidance correctly.
   •  It's too early to discuss Draghi’s succession.

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