Euro dips versus dollar as ECB's Draghi speaks
NEW YORK Dec 6 (Reuters) - The euro erased gains against the dollar in early trade on Thursday after European Central Bank President Mario Draghi started his news conference following the bank's decision to keep interest rates on hold.
Draghi said economic weakness in the euro zone is expected to extend until next year and that inflation is expected to fall below 2 percent in 2013.
The euro traded as low as $1.3059, and was last at $1.3069, little changed on the day.
- Tweet this
- Share this
- Digg this
Trending On Reuters
The government sold a 10 percent stake in state-run behemoth Coal India on Friday, in a bumper sale which saw demand from institutional investors marginally exceed supply, giving a welcome boost to the government's faltering divestment drive. Full Article