Euro Falls to 1 Year Low Against US Dollar at the Outset of Data Heavy Week
The Euro fell modestly in early trading on Monday, reaching a one year low against the US Dollar. August marked the second consecutive month of losses for EUR/USD. Rising fears over the crisis in the Ukraine pressured the 18-nation common currency, which fell to a low of 1.3118 in overnight trading.
Euro Falls to New 11 Month Lows Against the Dollar After Draghi Comments
ECB president Mario Draghi’s comments on Friday raised market expectations of quantitative easing in the euro zone, sending the European common currency sharply lower. Draghi, speaking at the Fed’s annual meeting of top central bankers and economists in Jackson Hole, Wyoming, stated that