Early afternoon trade in New York: Euro slides across the board

The euro plunged across the board on Thursday, on track for its worst day against the dollar since November, after comments from the head of the European Central Bank suggested interest rates were unlikely to rise next month. After falling as low as $1.45408 on trading platform EBS, a more than one-week low, the next key level for the euro would be $1.44559.
That corresponds to the 61.8 percent Fibonacci retracement of the euro's recent rally from a $1.41560 low on April 18 to the 17-month peak of $1.49404 scaled on Wednesday. In early afternoon trading, the euro fell 1.9 percent to $1.4548, well off Wednesday's 17-month high of $1.49404, and was headed for its worst day since November. Against the yen, the euro fell more than 2 percent to 116.76 yen, its poorest showing since August. Against the yen, the dollar fell below 80 yen for the first time since March 18, the day central banks intervened to weaken the Japanese currency after it hit a record high.