The
euro dropped to an 11-year low as the European Central Bank expanded
its bond-buying program to include government bonds, a policy that tends
to debase the currency.
The
euro fell 2.1 percent to $1.1368 at 3:25 p.m. in New York and touched
$1.1363, the weakest level since September 2003. The last time the euro
and dollar traded one for one was in 2002.
The
shared currency declined 1.7 percent to 134.67 yen and touched 134.29,
lowest since Oct. 16. The dollar added 0.4 percent to 118.44 yen.
Source: Bloomberg
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