The euro fell to the weakest levels of 9 years against the dollar, prompted by speculation that the European Central Bank will start buying government bonds, which is known as quantitative easing. The single currency fell against 16 of the world’s currencies against the future elections in Greece and through surveys, which showed that the opposition parties will be the one that will win. “The reason that investors sell the euro is that Mario Draghi and company are getting closer to new stimuli, and also deepening government crisis in Greece” shared by Westpac Banking Corp. The European currency fell by 0.3% in aziyatskata session to $ 1.1864, which is the lowest level since March 2006.
The yen rose against all 16 world currencies against the euro it rising to 143.16 to 143.92 at the end of the previous week and 0.1% increase against the dollar to 120.39 yen per dollar, while the manufacturing PMI index falling to 52.0 against expectations for preserving previous level of 52.1 points.
New Zealand kiwi fell 0.4 percent to 76.68 cents per dollar amid falling oil prices and the Australian dollar also fell against the US, having traded at a price of $ 0.80609.