Business Standard

World shares weaker as US fiscal problems weigh

The euro traded near a two-month low on Thursday despite approval of a key austerity package by Greece

Image

Reuters London

The euro traded near a two-month low on Thursday despite approval of a key austerity package by Greece, though activity was light before a key European Central Bank policy decision.

The ECB is widely expected to leave interest rates on hold at its meeting later on Thursday but comments by President Mario Draghi on the weak outlook and gloomy forecasts from the European Commission have raised speculation it may signal more willingness to ease in future.

 

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Nov 08 2012 | 2:43 PM IST

Explore News