Euro Drops amid ECB Easing Speculation

Source: Bloomberg
© Scanpix/Reuters

The 18-nation currency depreciated versus most of its 16 major counterparts amid speculation the ECB may increase monetary stimulus in the following week since the forecast for consumer prices has worsened. Eurozone's currency contracted 0.4% before it was little changed at 140.79 yen as of 5 p. m. New York time, after the advance to 141.27 recorded on Feb. 21, the highest since Jan. 24. 

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