Euro Resumes Drop as Draghi Leaves Little Doubt of More Stimulus
- Shared currency weakens versus all its major counterparts
- German producer prices fell more last month than forecast
The Difference Between the U.S. and Euro-Zone Economies
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The euro fell for the first time in three days after European Central Bank President Mario Draghi said policy makers will do what they must to raise inflation “as quickly as possible.”
The shared currency weakened to almost a seven-month low against the dollar and dropped versus all of its 16 major peers. Draghi said in Frankfurt that downside risks to price growth have increased in recent months. The euro also fell after German producer prices declined more in October than forecast.