NEW YORK (Reuters) – Investors on Wednesday sent the euro to a nine-year low after data showed euro zone prices fell for the first time since 2009, increasing pressure on the European Central Bank to loosen monetary policy.
Expectations the ECB will take bold action and flood the euro zone with cash in order to stimulate economic growth and inflation rekindled the winning trade of the last six months of selling the euro short on the expectation it will continue to lose value.
NEW YORK (Reuters) – The Japanese yen rose on Tuesday as investors sought a safe haven in the wake of weak crude oil prices while the U.S. dollar was pulled lower following disappointing economic data.
Growing fears of deflation in the euro zone, however, remain the main drag on the euro, keeping it near a nine-year low against the dollar while pressure rises on the European Central Bank to ease monetary policy.
NEW YORK, Jan 5 (Reuters) – The euro tumbled to near a
nine-year low on Monday, undercut by growing concerns that Greek
parliamentary elections will result in a left-wing government
that will aim to cancel austerity measures along with a big
portion of Greece’s debt.
The left-wing Syriza party holds a narrowing lead ahead of
Greece’s Jan. 25 general election over the conservative New
Democracy party, opinion polls show. New Democracy imposed
unpopular budget cuts under Greece’s bailout deal.