Monday, January 05, 2015

Euro falls to nine year low; Greece and ECB in focus

(Reuters) The euro hit a near nine-year low on Monday as markets bet the prospect of inflation across the region turning negative and political uncertainty in Greece will force the European Central Bank to launch quantitative easing.

European shares were under pressure after the Athens bourse slumped again and, amid yet another hefty slide in oil prices,

Wall Street was expected to open lower too DJc1 SPc1 NDc1.

The euro fell as low $1.18605 EUR= overnight, its weakest level since March 2006, and was struggling at $1.1895 as U.S. trading began to gather momentum.

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