The euro slid to a 4-1/2 year dollar low Friday after European Central Bank President Mario Draghi indicated the bank could soon back a government bond-buying program to deal with alarmingly low inflation across the 19-nation eurozone, according to AP. The currency's latest foray toward $1.20 was triggered by a warning from Draghi that the bank is now more likely to fail in its ambition to keep prices stable than it was just six months ago. "We have to avoid too-high inflation and we have to avoid too-low inflation as well," Draghi told the German financial daily Handelsblatt. "We are making technical preparations to alter the size, pace and composition of our measures in early 2015." For many in the markets, that's a clear hint from Draghi that the bank stands ready to back a full-blown bond-buying program on the lines of those undertaken by other central banks, such as the U.S. Federal Reserve and the Bank of England. Many experts think the ECB could make the announcement Jan. 22 at its next monetary policy meeting. -- SPA 20:28 LOCAL TIME 17:28 GMT تغريد
