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Mario Draghi has finally bought Europe some relief in foreign-exchange markets. The European Central Bank president sent the euro tumbling to a two-week low Thursday after he revamped his quantitative-easing plan and signaled officials might expand stimulus if the global market rout continues to weigh on growth and inflation.

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A weaker currency will console officials struggling to prevent consumer prices from falling and trying to boost productivity. The euro rebounded 0.

London time, after dropping as much as 1. Theshared currency declined 0.

AED to INR, Live Dirham rate, Dollar rate, Dollar to AED, Peso to Dirhams, INR rate, British pound rate, euro rate. Reat time data.

Signs that the euro will weaken further are returning. Investors boosted the premium for options protecting against a decline by the shared currency on Thursday, compared with those guarding against an increase, one-month risk-reversals show. Analysts at Citigroup Inc. A measure of market inflation expectations also rose during that period. The five-year, five-year forward inflation swap rate, a market metric identified by Draghi as a benchmark for the inflation outlook, retreated last month to 1.

A stronger currency has the potential to push down consumer prices, which grew just 0.

The Easy money making runescape 2016 also cut its growth and inflation forecasts for the euro zone at its Thursday meeting, after gulf news foreign exchange rates interest rates at a record low. Prices are under pressure from a China-spurred meltdown in emerging markets and a decline in oil prices.

Foreign-exchange devaluation is one of the few reliable reflation levers that policy makers have open to them.

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Price Pressure Prices are under pressure from a China-spurred meltdown in emerging markets and a decline in oil prices. QATAR investing heavily in Europe as its Investments reach close to 93 bill. Qatar Gulf News — Doha, Qatar, Thursday 18 August Latest Tweets Tweets by qatargulfnews!

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