The continued strengthening of the euro "would require further monetary policy accommodation," ECB President Mario Draghi said over the weekend. Draghi's comments came after the euro increased 6% over the past year. He said that the euro's strength has been an important factor in causing eurozone inflation to drop to 0.5% on year, which has prompted fears of deflation. The euro was -0.45% at $1.3823 at the time of writing.