The European Central Bank will launch its long-awaited 1-trillion-euro stimulus program on Monday.<br />From Cyprus on Thursday, ECB President Mario Draghi expressed confidence... in an improving European economy... as the central bank upgraded its GDP growth projection by half a percentage point... to 1-point-five percent this year. <br />Draghi announced the quantitative easing program will purchase 60 billion euros per month through September of next year... or until inflation reaches closer to its target of 2 percent.<br />In response, European and U.S. bonds ended up.<br />The euro fell to an 11-and-a-half year low against the greenback... before settling slightly higher... above 1-dollar-and-ten-cents.
