The euro has taken a beating from comments by the ECB that currency strength is a concern. It may may only stay down if action follows the tough talk.
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David Bloom, global head of foreign exchange strategy at HSBC, says when the European Central Bank begins quantitative easing, the euro will fall and this is the "only place" to make money in the currency market in 2014.
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Ian Stannard, head of European FX strategy at Morgan Stanley, says if the European Central Bank does not take any policy action at its next meeting, the euro will "rebound".
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The euro held onto gains early on Tuesday, having risen broadly after the European Central Bank again played down the need for any policy action.
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Jonathan Webb, head of FX strategy at Jefferies Bache, says the European Central Bank is heading for quantitative easing and that would weigh on euro/dollar.
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Commodity currencies including the Australian dollar held onto solid gains early on Monday as the dollar and euro fell to the wayside and even lost ground to an otherwise soft yen.
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CNBC's Rick Santelli and Mark Grant, Southwest Securities managing director, discuss energy, China and European markets ahead of next week's ECB meeting.
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