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EUR/USD below 1.29, ECB's Constancio shrugged off

FXStreet (Bali) - ECB’s Constancio is crossing the wires, following an interview with CNN, in which he noted that further stimulus should not be ruled out.

Little reaction in EUR/USD, which continues trading depressed at 1.2896 after hitting yet another fresh year low at 1.2882 a few hours ago on USD broad strength. Despite the RSI remains at record lows, that continues to prove a poor indicator of a possible exhaustion in prices.

Since ECB's President Draghi mentioned the possibility of sovereign QE purchases at his last press conference, the market was not surprised by additional comments on a matter that seems to have been fairly well discounted judging by the recent sharpness in Euro declines.

US stocks closed mixed as commodities weight

Wall Street closed with a mixed note in the first day of the week as investors digested last week US economic data, Ukraine and Russia crisis' news on ceasefire and declines in commodities prices.
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AUD/USD ends Monday below 0.9300

The aussie started the week with a decline of 80 pips against the US dollar. Greenback was among the best performers across the board. AUD/USD moved with a downside bias all day, retreating after reaching on Friday 0.9400.
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