Forex - Euro touches day's lows after ECB easing comments

Posted on at - The euro slid to session lows on Wednesday after a senior European Central Bank official indicated that it could begin implementing quantitative easing measures as soon as the first quarter of next year.

Forex - Euro touches day's lows after ECB easing commentsEuro slides to session lows after ECB easing comments

EUR/USD touched session lows of 1.2444 and was last down 0.15% to 1.2454.

The single currency has come under pressure in recent months amid heightened expectations that the ECB is moving closer to implementing additional easing measures to spur growth and inflation in the euro area.

ECB vice-president Vitor Constancio said Wednesday that such a move would be a “purely monetary policy decision”, within the ECB’s “mandate and our legal competence”.

He added that the bank could act before the end of this year or in the first quarter of 2015.

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