Although the European Central Bank, as expected, did not change interest rates, President Mario Draghi has waded into the currency-war discussion. Draghi emphasized that the ECB's mandate is to control inflation, but he highlighted attention to the euro. "We want to see if this appreciation is sustained and if it alters our assessment of price stability," he said. Some analysts have taken that as an indication that the ECB is more willing to loosen currency conditions than previously thought.

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