The euro slumped to a near nine-year low against the dollar on Monday after a report that the European Central Bank is moving closer to announcing a full-scale quantitative-easing program.The shared currency EURUSD, +0.02% traded as low as $1.1785, but eventually recovered to $1.1837, where it traded Friday afternoon. Last Thursday, the euro dropped to a low of $1.175, its lowest since December 2005.
After rising earlier in the session, the dollar fell against the yen to ¥118.2840, USDJPY, -0.01% compared to ¥118.50 late Friday.
The pound GBPUSD, -0.03% fell to $1.5112 from $1.5159.
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