BLBG:Euro Weakens as Market News Says ECB Is in No Hurry to Buy Bonds
The euro weakened after Market News International reported that the European Central Bank is reluctant to begin purchases of government bonds because it’s satisfied with a decline in borrrowing costs, citing European Union and central bank officials it didn’t identify.
The 17-nation currency dropped 0.3 percent to $1.2734 at 9:37 a.m. London time, the lowest level since Sept. 7. It fell 0.4 percent to 101.79 yen.
To contact the reporter on this story: Lucy Meakin in London at lmeakin1@bloomberg.net
To contact the editor responsible for this story: Paul Dobson at pdobson2@bloomberg.net
