Euro adds to losses against the dollar after Draghi comments on QE
The U.S. dollar rose against the euro on Monday after European Central Bank President Mario Draghi indicated that the region's economy wasn't yet strong enough to withdraw ECB stimulus despite signs of improvement. While Draghi said that the economy was improving, recent pick-ups in inflation were driven by energy prices rather than core inflation. The euro traded at $1.0728 from $1.0785 late Friday. At its low of the session, the euro fell to its weakest level against the dollar in a week. The U.S. dollar index rose 0.3% on the day.
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