The
euro was within 1 percent of an 11-year low against the dollar amid
speculation the European Central Bank will announce additional stimulus
when it meets this week.
The
shared currency is down this month against all major counterparts after
the Swiss National Bank™s move to abandon the franc™s cap versus the
euro spurred investor expectations the ECB will announce government bond
purchases, also known as quantitative easing. The Swiss currency was
little changed after rallying last week versus every peer. The dollar
held an advance versus the yen after U.S. consumer confidence surged.
The
euro was little changed at $1.1560 as of 9:53 a.m. in Tokyo after
reaching $1.1460 on Jan. 16, the weakest since November 2003. The
19-nation currency traded at 99.36 Swiss centimes after plunging 17
percent last week. The dollar was at 117.52 yen after jumping 1.2
percent on Friday.
Source: Bloomberg
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