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Euro hovers near 11-yr low, waiting on details of ECB easing programme

From reuters.com

The euro wallowed near its weakest level in over 11 years against the dollar on Thursday, as investors waited for the European Central Bank to announce more details of its massive bond-buying programme. The common currency eased 0.1 percent to $1.1065, holding just above Wednesday's low near $1.1061, which was its lowest level since September 2003. The ECB, which starts its quantitative easing (QE), or bond-buying, programme worth more than 1 trillion euros this month, is expected to detail the plan later in the day following its policy meeting. The QE scheme's details might not trigger much reaction in the euro, ... (full story)

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