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Euro lower in an uneventful Thursday trade

There were no data releases from Eurozone today, with euro edging lower after recent gains. Many analysts believe that further strength will be capped by the prospect of ECB intervention and of foreign investors selling off eurozone assets. Despite the rally, many analysts are standing by long standing predictions that the euro will hit parity with the dollar by the end of this year. The euro’s gains come despite unprecedented stimulus from the ECB, which needs a lower currency to help stoke inflation
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ECB left interest rates unchanged

At today’s meeting the Governing Council of the ECB decided that the interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 0.00%, 0.25% and -0.40% respectively. Regarding non-standard monetary policy measures, we have started to expand our monthly purchases under the asset purchase programme to €80 billion. 
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Euro little changed in a quiet Monday trade

There were no data releases from Eurozone today. The European Central Bank is unhappy with the US dollar’s recent fall but accepts it as a natural consequence of the Federal Reserve’s cautious economic outlook and sees no reason to act to weaken the euro, three ECB sources said. A weaker dollar — it has shed 4 percent against the euro since the beginning of March and 6 percent in the past year — is reducing imported inflation in the euro zone, making it harder for the ECB to boost prices after repeated bouts of negative inflation. 
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ECB Villeroy says ECB is not short on ammunition

There were no major data releases from Eurozone today. European Central Bank Governing Council member Francois Villeroy de Galhau repeated on Saturday that the ECB has additional policy tools at its disposal and is prepared to use them to achieve its inflation target. "The ECB is not short on ammunition," Villeroy de Galhau said in an interview with Italy's La Repubblica newspaper. "This is what we said before our meeting on March 10 and we showed that we still have numerous powerful instruments."
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