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Euro sinks to 12-year low as QE bites

Thursday, March 12, 2015 - 05:50
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The euro plumbed another 12-year low against the dollar on Wednesday, extending a broad decline since the European Central Bank kicked off its 1.1 trillion euro (S$1.6 trillion) asset-buying programme at the start of the week.

London

THE euro plumbed another 12-year low against the dollar on Wednesday, extending a broad decline since the European Central Bank kicked off its 1.1 trillion euro (S$1.6 trillion) asset-buying programme at the start of the week.

The ECB began creating new money to buy