The euro continued its decline against most major currencies in New York deals on Tuesday as the European Central Bank Governing Council member Josef Makuch signaled that the bank is ready to take steps to counter deflationary risks, which is hurting recovery in the euro region.
Makuch noted that ECB board is open to introduce nonstandard measures to prevent the Eurozone from slipping into a deflationary environment.
The euro declined to 1.3776 against the greenback from an early high of 1.3848. The euro fell back to 141.07 against the yen, off early high of 141.62.
The euro slipped to 0.8341 against the pound for the first time since March 20.
Published: 2014-03-25 15:30:00 UTC+00
Euro Extends Decline After ECB Makuch's Comments
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