Euro edges lower as Draghi says ECB could add to stimulus

The euro edged lower Friday after European Central Bank President Mario Draghi said there's "no doubt" the ECB would expand its stimulus regimen if needed. The euro tumbled to $1.0838 after the remarks from $1.0890 shortly beforehand. The remarks were made during a speech at the Economic Club of New York a day after the ECB disappointed investors by announcing a weaker-than-expected expansion of its stimulus efforts. The decision sparked a massive short-covering rally in the euro, which posted its largest daily move since March 2009.

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