Markets

Euro trims gains vs as Draghi says ECB far from easy policy exit

NEW YORK: The euro pared gains against the dollar on Wednesday after European Central Bank President Mario Draghi said
Published February 27, 2013 Updated February 27, 2013 09:48pm

 

He added that recovery in the euro zone is going slowly and expects the beginning of that rebound only in the second half of the year.

 

The euro dropped as low as $1.3083 after Draghi's remarks from about $1.3100 just before. It was last at $1.3090, up 0.2 percent.

 

Copyright APP (Associated Press of Pakistan), 2013