Euro Languishes Near Seven-Month Low on Bets ECB to Add Stimulus
- It's the second-biggest loser among major peers this month
- Goldman Sachs sees risk of slide to 95 U.S. cents by March
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The euro fell to its weakest level in seven months against the dollar and yen as investors speculated the European Central Bank will expand stimulus when it meets next week.
The euro is this month’s worst-performing major currency versus the greenback after the Danish krone as ECB President Mario Draghi reiterates that officials will do what they must to accelerate inflation that’s undershot their 2 percent target since 2013. The shared currency’s slide underlines the policy divergence between an ECB preparing to ease further and a Federal Reserve that’s set to raise interest rates for the first time in almost a decade.