Hirunews Logo
Euro+touches+a+nine-year+low+against+US+dollar
Monday, 05 January 2015 - 19:37
Euro touches a nine-year low against US dollar
30

Shares
3,612

Views
The euro slid to a nine-year low against the dollar as investors predicted the European Central Bank may act to stimulate the economy.

The euro fell by 1.2% against the dollar, marking its weakest level since March 2006, before recovering slightly.

The drop follows ECB president Mario Draghi's comments indicating the bank could soon start quantitative easing.

Greek political turmoil also weighed on the currency.

 
Make a Comment
Make a Comment

DOWNLOAD HIRUNEWS APP ON ANDROID & APPLE