Euro hits nine-year low before Eurozone inflation report

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Source: Investing.com
On Wednesday the Euro declined to a nine-year low versus the US Dollar before the Eurozone inflation data release. EUR/USD hit a low of 1.1851, the weakest since 2006, amid expectation that stimulus measures by the ECB will be set early this year. One of the reasons of Euro's weakness was the US Dollar index, which hit a nine-year high of 92.14. However, the Euro strengthened against the Yen, with EUR/JPY gaining 0.58% to 119.12, compared to Yesterday's low of 118.04.
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