Euro hits 9-year low of $1.18

London: The euro extended losses on Thursday to hit a 9-year low against the dollar, as investors ramped up bets that the European Central Bank was getting closer to adopting a large-scale quantitative easing programme
euro hits 9 year low of 1.18 - India TV
India TV News Desk 08 Jan 2015, 03:45 PM IST

London: The euro extended losses on Thursday to hit a 9-year low against the dollar, as investors ramped up bets that the European Central Bank was getting closer to adopting a large-scale quantitative easing programme to ward off deflation.

A slump in German industrial orders in November reinforced bearish views of the single currency.

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