We'll be examining Mr. Draghi's comment and what could possibly happen next, not only in the Euro zone as the ECB meets on Thursday to deliberate on interest rates but also in our country as the FOMC (Federal Open Market Committee) meets on Tuesday and Wednesday and some market participants are expecting an imminent announcement of QE3.
Stocks had a good week thanks to Mario Draghi and leaks out of the FED to the Wall Street Journal that suggested some sort of QE was imminent:
The dollar's relative weakness identified above has as much to do with our own fiscal problems than anything else. The only difference between us and Europe is that we have both fiscal and monetary unity while Europe doesn't. But that can't mask the trillions in debt we owe and the political stalemate in Washington which makes developing a coherent plan to attack that debt impossible. In the short term, the Dollar's movement will track the anticipation that the FED will move to rescue the US economy yet again with another round of money printing.