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Euro extends losses versus dollar, yen after ECB
December 6, 2012 / 4:25 PM / 5 years ago

Euro extends losses versus dollar, yen after ECB

NEW YORK, Dec 6 (Reuters) - The euro dropped further against the dollar and yen on Thursday after comments from European Central Bank President Mario Draghi and a downgrade to the region’s growth and inflation forecasts boosted expectations of an interest rate cut.

The euro fell as low as $1.2963 on Reuters data, the weakest since Nov. 29. It was last at $1.2966, down 0.8 percent on the day.

Against the yen, the euro lost 1 percent to 106.68 , having hit as low as 106.58 yen.

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