EUR review: Western Union

Quotes from Western Union:

- The ECB announced the program in January and plans to start implementation in €60 billion a month installments and keep it going until at least September 2016. Putting the monster QE program into place will flood financial markets with the euro, put downward pressure on area yields which should take a toll on the value of the single currency. 

- The hope is that it will help fan faster borrowing and spending on the part of consumers and businesses which should put the bloc on a better path for growth. 

- An often volatile survey from Germany showed a big 3.9 percent plunge in factory orders in January which erased a good portion of December's 4.2 percent gain.