Draghi said that recent market uncertainty hasn’t changed the region’s economic outlook.
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The euro fell to a seven-week low against the dollar as European Central Bank President Mario Draghi reiterated his commitment to providing unprecedented stimulus to the euro area.Draghi said at a news conference that recent market uncertainty hasn't changed the region's economic outlook and that stimulus measures, including a 1.1 trillion-euro ($1.2 trillion) bond-buying program, will push inflation back toward target.The euro dropped 0.5 percent to $1.0899 as of 11:47 a.m. New York time and touched $1.0856, the lowest since May 27 .The ECB raised its ELA to Greek banks by 900 million euros on the assumption that Greece will remain part of the currency union.
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