Euro sinks to nine-year low against dollar

Five Euro Note

The euro sank to a nine-year low against the dollar on Monday as the beleagured eurozone, dogged by fears of deflation and a Greek exit from the currency bloc, was throw into sharp contrast with a soaring US economy.

European Central Bank is 'out of bullets': Analyst

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The European Central Bank is widely expected to begin buying the sovereign debt of member countries to stimulate the euro zone economy, but the effects of such quantitative easing would be "negligible," Southwest Securities Managing Director Mark Grant said Monday.