Aug. 25, 2014: Euro slides to its weakest since Sept. 2013 as softer oil and Draghi remarks lift ECB easing expectations

On Aug. 25, 2014, the euro traded around $1.319 after falling to about $1.3185, its lowest level since September 2013.

ECB President Mario Draghi said the central bank was prepared to use all available tools if euro area inflation dropped further. Market participants viewed the comments as increasing the likelihood of additional stimulus measures, including broader asset purchases.

Brent crude moved toward $102 per barrel amid ample supply and a stronger U.S. dollar, while German data added to the focus on euro area growth and inflation after the Ifo business climate index fell for a fourth consecutive month and a lower growth forecast was anticipated.

Euro zone equities rose, with the Euro STOXX 50, Germany's DAX and France's CAC 40 each up about 1.2%, while Spain's and Italy's 10-year government bond yields fell about 8 basis points and Portugal's 10-year yield fell about 14 basis points.