The Euro edged higher versus the US Dollar on Thursday, amid expectations of the ECB announcing QE. The European currency added 0.08% and settled at $1.1616, rebounding from a previous day's 11-year low. Rumour has it that the ECB is considering a programme for sovereign bond-buying of €50 billion per month, beginning from March and through 2016. However, the ECB Chief may avoid saying exactly for how long. The Euro is expected to continue moving south if inflation expectations keep rising.