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Euro hits 9-year low of $1.18

London: 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

India TV News Desk India TV News Desk Updated on: January 08, 2015 15:45 IST
euro hits 9 year low of 1.18
euro hits 9 year low of 1.18

London: 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.

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