TOKYO: The euro slid to a near 12-year low against the 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 1 trillion euro bond buying programme on Monday, driving euro zone debt yields lower to weigh on the euro.

The euro went as low as $1.0808, down 0.4 percent, its lowest since September 2003

Copyright Reuters, 2015