Euro slumps to nine-year low as QE bets climb

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Source: Investing.com
On Monday the Euro dropped to a nine-year low versus the US Dollar among rising expectations that QE measures will be implemented by the ECB. The Euro was pressured lower by the strong US Dollar, with EUR/USD hitting 1.1858, the lowest since February 2006, while inflation is expected to decline 0.1%, which would be the first slide to the negative territory since 2009. The Euro was also weaker against the Yen, the lowest in seven weeks, with EUR/JPY reaching 143.90, down 0.48%.
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Mon, 05 Jan 2015 13:16:06 GMT

Euro drops to 9-year low on ECB outlook

The common currency slid to the lowest level in nine years against the Dollar on speculation the ECB is going to start quantitative easing program. The shared currency fell 0.4% to $1.1959 at 8:56 a.m. in London after touching $1.1864, the weakest since March 2006. Moreover, the Euro dropped 0.5% to 143.92 against the Yen.

Mon, 05 Jan 2015 09:48:07 GMT

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