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
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.