AMSTERDAM: The euro has hit a 12-year low against the dollar days after Mario Draghi, president of the European Central Bank, told an audience in Frankfurt that the slowdown in the eurozone had “reversed”.
The ECB began its €1.1 trillion (£775.57 billion) money-printing operation — or quantitative easing — on Monday.
The euro hit a near 12-year low against the dollar, falling 0.73 cents to $1.6047. The pound was up again against the euro, hitting a seven-and-half-year high of 1.4149 a gain of 0.65 eurocents.