Euro slips as Draghi hints at expanded stimulus

The euro fell to its lowest level against the dollar in two weeks after European Central Bank President Mario Draghi on Thursday suggested policy makers might soon expand the central bank’s stimulus measures of economic data weakens.

The ECB boss’s dovish comments, made at a news conference Thursday following the central bank’s policy statement, present Draghi as a policy maker ready to expand Europe’s stimulus measures if needed, as China has unsettled global markets.

The euro EURUSD, +0.0629% traded down 0.8% on the day at $1.1129, after earlier falling to its lowest level since Aug. 20 soon after Draghi made his remarks.

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