The euro is at the beginning of the new year on the lowest level in four and a half years like. The prospect of a further opening of the floodgates by the European Central Bank (ECB) have stressed the common currency, BelTA learned from the trade.
On Friday morning slipped the euro 1.2035 to the US dollar, reaching its lowest level since June 2010. The ECB had the reference price last Wednesday at 1.2141 (Tuesday: 1.2160). set dollar
speculation of a further easing of monetary policy in the euro zone have sent the euro at the beginning of a tailspin. The euro fell on Friday in the top 0.6 percent. The dollar index, which tracks the movement of the dollar against other major currencies, climbed 90.72 points to its highest level in almost nine years.
background are comments from ECB President Mario Draghi, the speculation stoked that the European Central Bank (ECB) still adopt additional economic aid this month. Draghi said in a newspaper “Handelsblatt” interview, the ECB is on the technical preparations to change scope, pace and composition of their efforts in the fight against inflation is low if needed start of 2015. Draghi had last necessary provided for defense against any dangerous for the economy decline in prices across the board and the controversial purchase of government bonds in view.
traders said investors are hiring them for the increasingly different approaches of the ECB and the Fed (Fed) a. The latter aims in view of improving economy in the US to tighten its ultra-loose monetary policy. The economic recovery in the US is not outstanding, but it was certainly stronger than in many other industrialized countries, said Callum Henderson of Standard Chartered Bank in Singapore.
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