Most major banks have stuck strongly the view that the euro will fall to parity with the dollar in the coming months with the start of the Federal Reserve to raise interest rates while the European Central Bank takes the opposite path.
The euro, which fell earlier to below $ 1.07 against the dollar, down nearly three percent so far in November, on pace for the worst performance since March.
Draghi suggested on Friday that the ECB will do whatever is necessary to raise the inflation as soon as possible, and pointed to the benefits of lower interest rates on deposits to help the expansion of the quantitative easing bond-buying program.
The euro fell against the dollar on Friday after two days of gains, pressured by comments from European Central Bank President Mario Draghi, who expressed his willingness to add more stimulus to the economy of the euro zone to increase after inflation.
Most major banks have stuck strongly the view that the euro will fall to parity with the dollar in the coming months with the start of the Federal Reserve to raise interest rates while the European Central Bank takes the opposite path.
The euro, which fell earlier to below $ 1.07 against the dollar, down nearly three percent so far in November, on pace for the worst performance since March.
Draghi suggested on Friday that the ECB will do whatever is necessary to raise the inflation as soon as possible, and pointed to the benefits of lower interest rates on deposits to help the expansion of the quantitative easing bond-buying program.
"The expectations Comments additional support, and possibly aggressive, stimulus policy meeting in December (ECB), and" said Shaun Osborne, senior currency strategist at Scotiabank in Toronto.
The euro fell 0.72 percent against the dollar to $ 1.0644, down 0.74 percent against the yen at 130,79 ¥.
The dollar, meanwhile, fell 0.02 percent against the yen to 122,87 ¥, but even by 0.71 percent against the Swiss franc at 1.0192 francs.
Speculation among market participants of the Swiss National Bank intervention to intensify this week, and the weakening of the Swiss currency. The euro fell 0.2 percent against the franc to 1.0851 francs.
Generally, there are some question marks about the ability of the dollar to rise in this kind of sustained fashion is seen at the end of 2014.
In the short term, the options market has a great barriers in place about $ 1.06 to prevent the euro from falling. On the other hand, it may not be just some of the appetite of investors to put more money on the table just as the year narrowing.
"It is difficult does not mean that you are bullish on the US dollar," said Ken Lambden significant investment manager at Barings Asset Management in London, he said in a Reuters summit this week.
"But we do not believe growth in the United States as strong as it seems, so there is a case to say that you can get some strength from the euro zone on the back of improved economic performance in the coming year."