Wed, 14 Jan 2015 14:14:04 GMT
Reasons why the Euro hit a new low
The Euro declined to a nine-year low versus the US Dollar amid investor fears of ECB implementing an aggressive incentive plan in order to boost the Euro zone's economy. It was stated by an ECB member that due to a risk of deflation policymakers should act fast. As a result, the price of the Euro slid to $1.1754, the new