Euro Falls After Draghi Says ECB Will Reexamine Policy In December

By Joseph AdinolfiMarketWatch Pulse

The euro fell Thursday after European Central Bank President Mario Draghi said the bank will "reexamine" its monetary easing program in December. The shared currency fell to $1.1239 from $1.1315. It also weakened to 72.88 pence from 73.56 pence late Wednesday. Investors have been anxious to hear more about the central bank's plans for its stimulus program. Draghi has previously suggested that disinflation in Europe and weak growth across the developing world might warrant an expansion of the central bank's program of bond purchases. Earlier this year, the central bank committed to buying 60 billion euros {$78 billion) of public and private debt a month, through September 2016.

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