Comments
The euro extended losses on Thursday to hit a 9-year low against the dollar, as investors ramped up bets that the European Central Bank was getting closer to adopting a large-scale quantitative easing programme to ward off deflation.
A slump in German industrial orders in November reinforced bearish views of the single currency.
The euro fell past reported option barriers at $1.18 to hit a low of $1.17915 on trading platform EBS. It was the single currency’s lowest level since late December 2005.
Data on Wednesday showed consumer prices in the euro zone fell in December from a year earlier, marking the first annual decline since 2009. That cemented expectations that the ECB will probably announce a bond buying programme at its policy meeting on January 22.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.