Euro Softer as QE Hopes Heightened

Gold continued to climb higher in Asia on Monday as escalated tensions in Ukraine raised demand for safe haven assets. The euro fell as the ECB, though verbally, moved further towards the easing bias. President Draghi suggested that "the strengthening of the exchange rate would require, to make our monetary policy stance to remain equally accommodative, it would require further monetary policy accommodation… The strengthening of the exchange rate requires further monetary stimulus.

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Euro Softer as QE Hopes Heightened