Euro dips versus dollar as ECB's Draghi speaks

NEW YORK Thu Dec 6, 2012 7:13pm IST

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.

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

REUTERS SHOWCASE

Pharma Sector

Pharma Sector

In race for bigger margins, drug makers willing to lose the India "advantage".  Full Article 

Markets This Month

Markets This Month

Tata Motors, M&M top Sensex gainers  Full Article 

Jan Dhan Yojna

Jan Dhan Yojna

Modi: Banking for all to end "financial untouchability".  Full Article 

Tracking Monsoon

Tracking Monsoon

Monsoon forecast to be better for crops next week  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage