Western Union:
The euro slipped under $1.06 to new three-week lows against its U.S. peer, weighed down by a bevy of factors. Among them: widening interest rate differentials in favor of dollar-denominated assets, the ECB's QE course, which contrasts Fed plans to raise interest rates, and Greece's hefty debt baggage.
The euro had managed to start the week on its front foot, touching $1.10 on Monday. But moves toward the upper end of the euro's range tend to prove too tantalizing for dollar bulls that often seize on it and take the opportunity to bet against the euro at better prices.
A critical week ahead lurks for the euro, with the ECB mulling a policy decision on April 15, and final inflation figures for March on April 17.
