Euro struggles to find traction, Aussie eyes data

SYDNEY: The euro languished at two-week lows early in Asia on Monday, having suffered its biggest drop in over a year last week as expectations grew the European Central Bank will be forced to cut interest rates to shore up growth.

After data last week showed a plunge in euro area inflation, a growing number of analysts including UBS and RBS reckon a rate cut could come as soon as Thursday's policy meeting.