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[TOKYO] The euro slid to a near 12-year low against the dollar on Tuesday, as the US currency found steady bids on the back of expectations the Federal Reserve may raise interest rates as early as mid-year.
The European Central Bank, in contrast, remains deeply committed to monetary easing. It just launched its 1 trillion euro bond buying programme on Monday, driving euro zone debt yields lower to weigh on the euro.
The euro went as low as US$1.0808, down 0.4 per cent, its lowest since September 2003.