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Euro weakens against major currencies

The euro weakened after weak euro zone inflation data which only rose 0.1% in November added pressure on the ECB to intervene its stimulus measures to increase price growth

By Richard Nehme | Dec. 3, 2015 10:16 GMT
Euro continues to benefit from weaker USD
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The euro weakened against the dollar and most other major currencies after weak euro zone inflation data which only rose 0.1% in November added pressure on the ECB to intervene its stimulus measures to increase price growth. The rate has now been below 1% for 26 straight months, well under the target of just under 2%. EUR/USD fell from the high of 1.0632 to trade as low as 1.0559 [...]

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