Markets

Euro falls to three-week low vs dollar on Draghi comments

Published June 26, 2013 Updated June 26, 2013 08:53am

1 min

By Parvez Jabri

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LONDON: The euro fell to a three-week low against the dollar on Wednesday after comments from European Central Bank president Mario Draghi who flagged downside risks to growth and said monetary policy would remain accommodative.

The euro fell 0.3 percent to $1.3037, its lowest since June 3.

Spreads between 10-year US Treasuries and German bund yields have widened to their highest since April 2010 in favour of the former.

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