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2014.04.2415:35:00UTC+00Dollar Mixed As ECB's Draghi Talks Stimulus

The dollar was narrowly mixed Thursday, holding in a tight range versus the euro as traders assessed comments from European Central Bank President Mario Draghi.

The dollar was steady at $1.38 versus the euro, little changed at Y102.25 versus the yen, and holding at $1.68 versus the sterling.

Traders also considered a bigger than expected increase in new orders for U.S. manufactured durable goods in the previous month, the Commerce Department released a report on Thursday that once again showed stronger than expected durable goods orders growth in the month of March.

The report said durable goods orders surged up by 2.6 percent in March after jumping by a revised 2.1 percent in February.

European Central Bank President Mario Draghi said on Thursday that any worsening of the euro area inflation outlook may prompt the bank to adopt a broad-based asset buying scheme, potentially weakening the euro currency.

"Unlike the other contingencies, the objective here would not be to defend the current stance, but rather to increase meaningfully the degree of monetary accommodation," Draghi said in a speech in Amsterdam. He also noted that a tightening of policy stance can also result from further appreciation of the euro.

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