Euro falls to nine-year low after fresh Draghi QE hint

Laura Dew

The euro has continued to fall in overnight trading as a stronger dollar and expectations of full-blown quantitative easing weigh on the single currency

The euro fell more than 1% against the dollar overnight to trade at $1.186, its lowest level since March 2006, before paring losses to trade at $1.196. The currency slumped in Asia trading following suggestions over the weekend that a Greek exit from the eurozone is once again being eyed by policymakers. That follows its drop below $1.20 on Friday, the first move below that level since June 2010, after European Central Bank (ECB) president Mario Draghi hinted a quantitative easing stimulus package could be introduced in the early part of 2015. Draghi's comments prompted the euro to...

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