FOREX-Euro falls to 22-mth low vs dollar on diverging rate outlooks

The euro hit a 22-month low against the dollar on Thursday on the prospect of diverging monetary policy between the Federal Reserve and the European Central Bank as rate differentials swing decisively in the greenback's favour. The dollar index hit a new four-year high. ECB President Mario Draghi kept alive expectations of more policy steps in the euro zone, including the possible use of ...