Euro slips to lowest since Sept 2003 against US dollar

TOKYO (Reuters) - The euro slid to a near 12-year low against the US dollar on Tuesday, as the US currency found steady bids on the back of expectations the Federal Reserve may raise interest rates as early as mid-year.

The European Central Bank, in contrast, remains deeply committed to monetary easing. It just launched its one trillion euro bond-buying programme on Monday, driving euro zone debt yields lower to weigh on the euro.

The euro went as low as US$1.0808, down 0.4 per cent, its lowest since September 2003.