Euro was knocked out after Reuters reported that EBC officials are weighing in how to ease monetary policy further next week and beyond, including deeper negative rates for banks, and an expansion of the current quantitative easing program. Euro plunged to a new 7-month low against dollar at 1.0581 with a 0.57% loss. It lost 0.67% against sterling to 0.7008. It fell to its lowest since April against yen at 129.98 with a 0.34% loss.

Dollar has accelerated on the backdrop of Euro's losses, with its index touching an eight-month high at 100.11 with a 0.43% profit. Dollar rose 0.27% against yen to 122.85. It edged down a bit however against sterling to 1.5096.

European shares rallied today, as the shooting down of a Russian warplane by Turkey yesterday didn't seem to entail any escalations of the kinds feared earlier. The pan-European index FTSEurofirst 300 jumped 1.45% to 1.502. Britain's FTSE gained 46 points, or 0.74% to 6,323. Germany's DAX surged 187 points, or 1.71% to 11,121. France's CAC 40 added 64 points, or 1.33% to 4,884.

Wall Street opened slightly up before treading back to the red, with Dow Jones down 5 points, or 0.04% to 17,806. S&P 500 slipped two points, or 0.10% to 2,087. NASDAQ traded flat at 5,105.

Crude oil prices returned to decline, with U.S. crude futures plummeting 2.36%, or a dollar to $41.86 a barrel. Brent futures for January lost a dollar as well, or 2.20% to $45.09 a barrel.

Gold and silver prices gave up ground too, as the advancing dollar makes dollar-denominated metals more expensive for holders of other currencies, and therefore less attractive. Gold futures lost $4.60, or 0.43% to $1,069.30 an ounce. Silver futures dipped 9 cents, or 0.66% to $14.06 an ounce.