Currency war is over, at least for Mario Draghi and euro

After European Central Bank President Mario Draghi extended monetary stimulus, strategists have come to the conclusion he’s done enough to revive the economy with policies that helped push the euro down about 10% against the dollar this year.

Analysts at HSBC Holdings, Banco Santander, and National Australia Bank predict muted declines or even gains in the shared currency versus the dollar in 2016.

The median forecast in a Bloomberg survey is for a drop of about 4%.