Tue, 28 Oct 2014 13:28:04 GMT
Euro dips against US Dollar after gains during early Asia session
The Euro reached its opening trade value against the U.S. Dollar, despite it gaining at the beginning of the Asian session. After the European markets opened, the Euro slid down to $1.2689, breaking the $1.2700 level. According to Peter Praet, the ECB council member, the bloc will likely avoid negative growth, while the IMF sees recession as a significant probability.