Worthy Christian News » World News » Euro Slides to Weakest Since 2006
NEW YORK (Worthy News)-- The euro weakened to an almost nine-year low versus the dollar amid investor concern Greece might leave the currency union and on speculation the European Central Bank has moved closer to large-scale sovereign-bond purchases, Bloomberg reported.
A gauge of the dollar reached the strongest in nine years with the Federal Reserve moving toward raising interest rates. The yen gained to an eight-week high against the euro as a slide in Asian stocks boosted haven demand. The Russian ruble and Canadian dollar slipped as oil fell. Brazil's real dropped after economists boosted inflation forecasts and cut growth estimates. Volatility jumped to the highest in more than a year. --[wp_colorbox_media url="http://www.bloomberg.com/news/2015-01-04/euro-drops-to-lowest-since-march-2006-as-ecb-splitting-from-fed.html" type="iframe" hyperlink="Source"]