The euro's calm and largely flat session was interrupted by comments by the ECB's Draghi. His comments triggered a quick half cent mark down of the single currency to almost $1.3050, but remained confined to last Friday's ranges. Short term technicals allow for a bounce back toward $1.3100. Draghi comments did not seem to break new ground, though they were quite dovish. Draghi said that policy makers are prepare to cut rates again if needed. This was clear from last week's press conference. Recall that a news wire reported last week that a the council meeting there were some officials who were encouraging a 50 bp cut ... (full story)