After falling 0.4% on Friday against the U.S. dollar, the Euro has stabilized at around 1.252 Dollars today, helped by ‘hopes of further measures to reduce borrowing costs’, according RTFX.

Since Friday evening, the euro and the dollar remained almost unchanged against Japanese currency at 98.5 yen against the euro and yen against the dollar at 78.7. The single currency also holds out at 0.792 pounds.

The euro regained some support against other forex on rumours that ‘the ECB consider bands fluctuations in bond yields as an option for its buyback program obligations’, says IG Markets.

The euro-dollar may struggle to extend gains this week past 1.260. Uncertainty about various important events to come in the euro area over the next few weeks could weigh on the single currency. The ECB could meet fierce resistance from Germany about its plans to buy back assets. It’s true that, in an interview with Der Spiegel, Bundesbank President Jens Weidmann said there is concern.

Francois Hollande, the French President, said on Monday that the role of the G20 should be reconsidered, as the world is still far from the established financial regulation needed. Speaking to French ambassadors gathered in Paris he said that the rapid increase in grain prices showed the need for the G20 to be able to make decisions quickly.