The euro slipped Thursday, after European Central Bank President Mario Draghi sounded more downbeat than expected in the central bank’s last news conference of the year.
The ECB left interest rates unchanged, as expected, and confirmed it would wind down its quantitative easing efforts at the end of the month. The central bank has said it won’t raise its benchmark rates until next summer at the earliest and investors generally expect it to keep rates on hold beyond that date. Draghi said the outlook for the eurozone was “broadly balanced,” but that risks were shifting to the “downside.”
The euro last fetched $1.1341, down from $1.1370 on Wednesday.
Source : Market Watch