EUR/USD near 1.3490 after Dovish Comments

The euro nursed modest losses in Asia on Tuesday after the European Central Bank said it stood ready to do more to keep market rates down, while dovish comments from an influential Federal Reserve official kept the dollar on a leash.

The euro traded at $1.3493, having slipped 0.2 percent on Monday after ECB President Mario Draghi said the bank was prepared to inject more liquidity to keep money-market rates from rising to levels that could hurt the economy.

Draghi’s remarks came even after closely watched surveys showed business activity in the euro zone grew faster than expected this month thanks to stronger new orders, latest evidence that the economy is healing.


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