The dollar has traded mixed, softer versus the euro, sterling and yen, but firmer against the Aussie and Kiwi dollars, which have underperformed despite a rebound in commodity prices. The market also ignored the latest protestations from ECB officials with regard to the market reaction to last Thursday's communication, with members Nowotny and Hansson praising the "substantial" easing measures, and the former slamming the "massive failure of analysts last week" to understand the ECB.
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