Euro depreciates against major counterparts amid rate-cut bets

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Source: Bloomberg
© Scanpix/AFP
The Euro fell versus majority of its peers amid speculation the European Central Bank would continue to decrease its record-low benchmark interest rate as the region's economy struggles to grow. The Euro slid 0.2% to $1.2989, lost 1.1% against the U.K. currency to 84.30 pence and weakened 0.3% to 129.14 Yen; however, it has been stated that the ECB monetary easing has had a minimal influence on the real economic activity.

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Fri, 26 Apr 2013 14:00:03 GMT

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