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05 Mar 2015

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Euro hovers near 11-year lows on dollar

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Tokyo - The euro remained under pressure on Thursday after falling to an 11-year low against the dollar as investors waited for the European Central Bank (ECB) to announce details of its bond-purchase programme.

The single currency bought $1.1075 in Tokyo against $1.1080 late Wednesday in New York where it briefly fell to $1.1062, its lowest level since September 2003.

With the ECB's decision-making council meeting on Thursday, President Mario Draghi is set to unveil details of its €1.1trn quantitative-easing plan, due to be launched this month to ward off deflation.

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