Quotes from Western Union:
- The euro's fall to fresh five-week lows put it within a fraction of a cent away from 11-year lows against the greenback, which amounts to a superb buying zone for U.S. importers.
- The ECB meets Thursday, the eve of the next big look at America's job market, critical market events that will impact today's market. The ECB is expected to provide more detail on its imminent launch of QE bong buying stimulus.
- A nascent risk lurking for EUR buyers would be mounting evidence the euro economy has started to turn the corner. Steady signs of a pickup in momentum in the 19- country economy could help diminish downward pressure on the euro and offer scope for a rebound against the dollar.