|01-09-2015, 11:25 PM||#1|
Euro holds steady near 9-year lows vs. dollar
The euro was steady against the U.S. dollar on Friday, hovering near nine-year lows as growing expectations for additional easing measures by the European Central Bank (ECB) continued to weigh on the euro.
Speculations that the ECB could implement quantitative easing as soon as its next meeting on January 22 continued to weigh on the euro, while the positive German data did not pose little to support to it.
The single currency remained under pressure after data on Wednesday showed that the annual rate of euro zone inflation fell by 0.2% in December.
EUR/USD pair consolidated around 1.1812 at 11:37 GMT, high by 0.16%.
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