Euro plummets on suggestions of negative deposit rates

The euro just took a beating against the dollar, falling on news that the European Central Bank (ECB) is considering negative deposit rates. They're weighing the option of a minus 0.1 per cent deposit rate.

That's according to Bloomberg, who say that the central bank is considering a "smaller-than-normal cut" if the officials do decide to move the deposit rate into negative territory (it's currently at zero per cent).