The euro fell to as low as USD 1.1072 in early Asian trade, breaking below the USD 1.11 mark, which has been a major support for the currency in the last several weeks.
The ECB chief Mario Draghi said on Thursday that the bank is studying new stimulus measures that could be unveiled as soon as December and is prepared to cut its deposit rate deeper into negative territory.
His comments sent the euro sliding 2.0 percent overnight, its second largest fall since 2011, eclipsed only by the drop on January 22 this year when the ECB announced its current bond buying scheme.
Against the British pound, the common currency fell to 72.05 pence, near its Sept 22 low of 71.97. In the option market, risk reversal spreads widened in favour of euro puts, or the right to sell the euro, with one month spread hitting the highest level since July.
For More Information :Intraday Trading Tips, Intraday Stock Tips,F&O tips,Stock Future Tips, Intraday Tips ,Option Trading Tips,Stock Option Tips,Future & Option Tips,option tips