Euro at seven month low against the dollar ahead of ECB meeting

The euro fell towards its weakest levels in seven months against the dollar yesterday as investors speculated the European Central Bank will expand a stimulus programme when it meets next week.

ECB president Mario Draghi reiterates officials will do what they must to accelerate inflation that has undershot their 2% target since 2013.

The euro is this month’s worst-performing major currency against the dollar, apart from the Danish krone.