LONDON (Thomson Financial) - The euro remained on the backfoot after yesterday's comments from a leading policy-maker at the European Central Bank fuelled speculation that borrowing costs in the euro zone may fall soon. Though Yves Mersch noted that inflation risks were higher and that the economic fundamentals in the 15-nation single currency zone were sound, he did accept that downside risks to economic growth have increased and suggested that the ECB could 'look through' temporary high levels of inflation. Markets seized upon Mersch's comments and pushed euro zone yields lower and the single currency down. 'That ... (full story)