Euro soft as yields fall, China stimulus talk aids stocks

The euro was wallowing near three-week lows in Asia on Friday as speculation intensified that the European Central Bank might ease policy further, while similar hopes of stimulus in China gave a fillip to Asian shares. Speculation about the possibility of Chinese stimulus got a boost when Premier Li Keqiang was quoted by state media as saying the government would roll out targeted measures step by step to aid the economy. Shares in Shanghai edged up 0.5 percent, while MSCI's index of Asia-Pacific shares outside Japan added 0.6 percent. All the talk of a possible easing by the ECB pulled down bond yields across the European Union and undermined the euro.

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