Friday, January 2, 2015

Euro lower after stimulus signals in the eurozone – El Nuevo Herald

Euro lower after stimulus signals in the eurozone – El Nuevo Herald

The euro has fallen to its lowest level against the dollar since mid-2010 after the president of the European Central Bank, Mario Draghi said the bank could buy government debt soon.

In the Friday edition of the German daily Handelsblatt, Draghi said the risk that the bank does not fulfill its mandate of maintaining price stability is greater than six months, underscoring the likelihood that the company will soon launch a program similar stimulus Federal Reserve of the United States.

Following a review, the euro fell to $ 1.2034, its lowest level since June 2010, when the European currency suffered the ravages of the first bailout Greece.

Inflation is now at 0.3% in the 19 eurozone countries, following the adoption of the euro by Lithuania on Thursday, much less than the target of just under 2% the European Central Bank.

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