Year Low Against Dollar

March 11, 2015 9:24 AM

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Year Low Against Dollar

There was no letup in the relentless pressure on the euro, with the currency tumbling to a near 12-year low against the dollar early Wednesday.

The plunge in the currency has picked up pace this week as the European Central Bank fires up its bond-purchase program. ECB buying has driven long-term bond yields in the eurozone closer to zero as the central bank buys government debt with freshly printed euros.

Also read: ECB Leaves Stimulus Unchanged as Decision Deadline for QE Looms

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