Around 13:00 the euro traded at a value of $ 1.1180, the lowest level in twelve years.
At the beginning of the day headed to the European currency still worth $ 1.1340. Since Thursday morning, the euro has already dropped nearly 4 percent.
On Thursday, the ECB announced their intention to buy more than 1,000 billions of euros in olbigaties of financial institutions in the next two years.
Analysts previously told already NU.nl that the ECB policy in the short term especially the euro will fall. This example encourages exports because European goods are relatively cheaper, but the import is expensive.
Move the cursor over the graph to see the amounts . The data are from the ECB.- (c) NU.nl/Jolien de Vries
What you need to know about the cheap euro
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