Euro vs rouble: Currencies react to ECB stimulus measures

Billy Ehrenberg
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Mario Draghi: using his monetary armoury (Source: Getty)

Not content with falling against the dollar and the pound, the euro yesterday slid against the Russian rouble too.

In fact, after the European Central Bank's (ECB) surprise stimulus measures, the euro fell against every currency listed in the ECB data store, except the Czech koruna and the Bulgarian lev. And it only rose against the koruna.

This isn't necessarily bad news: the ECB wants the euro to drop as it fights to reverse disinflation and avoid deflation.

But it's still telling that the euro dropped against the rouble, a currency that has suffered as a result of EU and US sanctions and has fallen 6.2 per cent against the Euro in the last 12 months.

Here is a highlights reel of the euro v other currencies:

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