FXStreet (Edinburgh) - Benoit Coeure, member of the ECB’s Executive Board, has reiterated that the current quantitative easing programme by the central bank remains flexible and can be modified at any time in case of need. He has also argued that deflationary risks in the region have been ruled out, while low levels of global inflation still remains a threat. Regarding the potential Fed’s lift-off next week, Coeure said the event should be closely followed. EUR/USD dropped from session tops near 1.0970 to test the negative ground around 1.0940 in the wake of the comments. For more information, read our latest forex news.