The euro is the world’s worst-performing major currency over the past month. It has depreciated close to 3% against the dollar since February 10.
This is due to the fact that traders are preparing for further easing of monetary policy of the European Central Bank (ECB), Bloomberg reports.
According to economists, the ECB will cut its deposit rate at today's meeting, as well as step up its bond-buying program launched in March 2015.
"The ECB will probably leave itself room for more asset buying and deeper cuts into the negative to avoid giving the impression it’s done with the easing," Interfax cited the head of the foreign-exchange department at Credit Agricole SA in Tokyo, Yuji Saito, as saying
