Euro falls under $1.15 for the first time since November 2003

Euro falls under $1.15 for the first time since November 2003

In trading hours the euro was worth US $1.1460 and at 19:55 MSK it went up to $1.1525.

 

The euro's weakness on Friday was due to information about deflation in the eurozone, which raised expectations of a run on the redemption of government bonds by the European Central Bank (ECB).

 

Also thrre has been an increase in demand for more reliable assets, including the dollar, in a jump in volatility caused by the Swiss Central Bank's abolition of a "ceiling" of the franc to the euro, Interfax reports.

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