EUR/USD Continues to Struggle near 1.37

The euro languished near five-week lows against the dollar on Wednesday, having come under renewed pressure as markets grow more convinced the European Central Bank will ease policy next month.

The euro inched up 0.1 percent to about $1.3715, staying within sight of Tuesday’s low near $1.3688. A break below the April 4 trough of $1.3672 would take it back to levels not seen since late February.

It has slid roughly 2 percent since Thursday when ECB President Mario Draghi said the bank was ready to take action next month to boost the euro zone economy if updated inflation forecasts merit it.

Reuters

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