Euro heads for worst quarter on record

March 31, 2015 8:12 AM

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Euro heads for worst quarter on record

LONDON (Reuters) - The euro fell against the dollar on Tuesday, leaving the single currency on track for its worst quarter ever as investors bet on an increasingly divergent monetary policy outlook between the euro zone and the United States.

The euro has fallen almost 11 percent against the greenback EUR=EBS since the start of January. Its losses have been driven by the European Central Bank's launch of a 1.1 trillion euro quantitative easing program and expectations the U.S. Federal Reserve will start hiking interest rates this year.

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