9 years ago
Euro sinks closer to parity with US dollar, analysts say
City analysts are betting that the euro could soon sink to the same value as the US dollar on foreign exchanges, after the European Central Bank’s quantitative easing programme kicked off. The euro has fallen sharply since last summer when Mario Draghi, the ECB president, laid the groundwork for QE; but the currency has fallen further since the monthly €60bn (£42bn) bond-buying programme began on Monday. The dollar’s value has been boosted by strong hints from...
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