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Euro tumbles below US$1.12, lowest since Sept 2003

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Euro fell below US$1.12 on Friday as investors dumped the currency a day after the European Central Bank announced a plan to pump more than a trillion euros into the economy, and two days before a snap election in Greece.

[LONDON] Euro fell below US$1.12 on Friday as investors dumped the currency a day after the European Central Bank announced a plan to pump more than a trillion euros into the economy, and two days before a snap election in Greece.

The euro fell to a low of US$1.1115, on track for its biggest daily percentage loss against dollar since Nov 2011, and hitting its lowest level since Sept 2003.

The euro also shed more than 2 per cent against the yen to hit a 16-month low of 130.91 yen.

REUTERS