MADRID
-- The U.S. dollar fell against the euro on Monday, but the single
currency stayed near three-month lows after European Central Bank
President Mario Draghi hinted of monetary policy easing. The dollar rose to $1.3642 from $1.3630 in late North American trading on Friday. Expectations that the ECB will ease monetary policy when it meets next week have pressured the single currency in recent weeks.
Draghi was speaking at the ECB Forum near Lisbon and spoke of a risk of deflationary expectations if low prices continue, which could weigh on spending. "We are not resigned to allowing inflation to remain too low for too long," he said.
The dollar was on solid footing against the Japanese yen trading at 101.90 from ¥101.97 in the prior session. The ICE dollar index, which weighs the greenback against six other currencies, rose to 80.291 from 80.374 in Friday's late North American trading.
Source : MarketWatch
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