The euro fell to a two-month low against the dollar on Thursday after remarks by the head of the European Central Bank signalled there will be no interest rate increases in the near term as he highlighted downside risks to the eurozone economy.
In midday trading, the euro was down 1.1 percent at $1.39383 on electronic trading platform EBS, after earlier falling as low as $1.3931, the lowest level since July 12.
Sterling turned higher against the dollar, rising back above $1.60 after the Bank of England kept interest rates at 0.5 percent and made no changes to its asset-purchasing program. The pound was last up 0.2 percent at $1.6014, according to Reuters data.
Against the yen, the greenback was up 0.2 percent at 77.437 yen on EBS. Selling by Japanese exporters was seen capping the pair around 77.50 yen, though wariness about official intervention limited weakness in the dollar. The dollar was up 1.6 percent against the Swiss franc at 0.8712 franc, after earlier hitting a 3-1/2-month high of 0.8714 franc on trading platform EBS.
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