The euro fell after Draghi intervene in Parliament – Investing.com Spain

Frankfurt (Germany), 15 February (EFE) .- Today fell more than a penny and lost the $ 1.12 level, accentuating the downward trend after President of the European Central Bank (ECB), Mario Draghi, the European Parliament reiterated the willingness to implement more monetary stimulus.

the single currency was trading at 1640 GMT to $ 1.1143, compared to $ 1.1244 in late European trading the currency market the previous day.

the ECB today fixed the reference exchange rate of euro 1.1180 US dollars.

Draghi said the ECB apply more easing measures in the event of continued turbulence in financial markets or more lower inflation expectations by falling prices.

increasing of monetary stimulus in the euro area press the price of the single currency

Some analysts expect the ECB will decide in early March further lower its deposit interest rate, which is currently in. – 0.30%, so penalized more banks to deposit money in the bank.

the recovery of equity markets also contributed to the depreciation of the euro, which was not sought as a safe haven , traders said.

the corridor of the euro against the greenback today ranged between 1.1130 and $ 1.1238.

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