- The euro recouped its earlier losses after briefly touching a new 12-year low against the dollar in Asia trade, but further slides in the currency looked likely given the diverging monetary policies in the eurozone and U.S.
- Ahead of the FOMC scheduled to end Wednesday, the euro was up 0.4% at $1.0536 after hitting $1.0457, its lowest since January 2003.
- Nearly all now believe that Fed policy setters will remove the word "patient" from their statement, opening the door for a rate increase in June.
- ETFs: FXE, EUO, ERO, DRR, EUFX, ULE, URR