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Draghi: high EUR hurts the economy

EUR/USD fell by more than 40 pips to $1.3790 as the ECB President Mario Draghi flagged the bank could make asset purchases to fight the threat of deflation. Draghi added that negative deposit rates remain an option for the government.

The ECB head admitted that a strong euro reflects return of confidence in euro zone, but a higher euro could derail euro zone recovery.

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