Euro plunges to 15-month record low after ECB lending

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Source: Marketwatch
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17-nation currency depreciated on Wednesday against greenback, reaching 15-record low after ECB issued report on its lending processes. The Euro tumbled from $1.3074 to $1.2938. During trade common currency hit $1.2910 which is the lowest reading since September 2010. US dollar index jumped from 79.792 to 80.526. Yesterday ECB issued report showing its balance sheet increased to a record €2.73 trillion after bank boosted lending from €214 bn to €879 bn. Currently EUR/USD is trading at $1.2925

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