Euro hits 10-day low vs US dollar before ECB meeting

London

THE euro slipped to a 10-day low against the US dollar on Monday, as investors eyed a European Central Bank meeting later in the week that could pave the way for further stimulus to boost inflation in the eurozone.

Though most traders and analysts reckon the ECB will wait until its December meeting to announce anything new, they see a risk that additional easing measures could be flagged this Thursday and are betting that ECB chief Mario Draghi will at least try to talk the currency down.