The Euro hit a 9 year low against the Dollar as noises from the ECB spooks the markets. Firstly the ECB president Mario Draghi has hinted that the Euro zone could begin its own phase of quantitive easing or money printing, just as the US starts to rein in its own stimulus packages. On top of that German Chancellor Merkel’s comments that the Eurozone could survive if Greece left the single currency didn’t exactly fill the markets with much confidence.
The Euro hits 9 year low
Currency News January 5, 2015