NEW YORK: The euro pared some losses against the dollar on Monday after European Central Bank President Mario Draghi said the euro zone economy has strengthened enough to lift regional inflation towards the ECB’s 2-percent goal.
At 11:18 a.m. (1618 GMT), the single currency was
down 0.40 percent at $1.2410, which was below a three-year peak of $1.2536 set on Jan. 25, Reuters data showed.
Source: Brecorder.com
