ECB Governing Council member Paulo Hernandez de Cos argued on Tuesday that the ECB cannot rely on Germany to provide financial incentives. De Koss, according to Reuters, "the euro area should put forward a common mechanism and common financial stability to meet the current economic challenges."

The common currency showed little reaction to these comments. As of this writing, the EUR / USD has been trading at session lows near 1.1110, erasing 0.15% on a daily basis.