Euro hits fresh 11-year lows vs dollar following ECB move
CNBC - Jan 23, 2015
The euro fell to fresh 11-year lows against the dollar on Friday following the European Central Bank's announcement on Thursday that it would pump a trillion euros into the euro zone economy to revive sagging growth and ward off deflation.
The euro lost over 2 percent against the greenback and fell below $1.12 to $1.1115 for the first time since September 2003 after the ECB unveiled a bond-buying program.
The euro also hit a 16-month trough against the yen at 130.91 yen on Friday.
After a similar tumble on Thursday, the euro was down over 7 percent since the start of the year and on track for its biggest monthly fall since the depths of the financial crisis in early 2009.
