EUR/USD down at 1.3750 on ECB Threat

The euro started the week on a steadier footing after two straight sessions of steep losses, but should stay under pressure amid the persistent threat of policy action from the European Central Bank.

The common currency, which plumbed a one-month trough of $1.3745 on Friday, last stood at $1.3759. It has dropped more than 1 percent since Thursday when Mario Draghi said the bank was ready to take action next month should updated inflation forecasts merit it.

Against the yen, the euro was at 140.15, not far from a two-month trough of 139.88. On the Australian dollar, it bought A$1.4698, having touched a one-month low of A$1.4674.


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