Some in the market said a European Union draft report outlining measures to deal with weak banks pushed the euro to the day's low around $1.4310.

Stop-loss orders triggered around $1.4330 added to the euro's selling momentum, but traders cited bids around $1.4300 and below, which stemmed a further move lower.

Few investors were keen to take aggressive positions in the euro ahead of US non-farm payrolls at 1230 GMT, which are expected to show a strong reading following a big boost in private jobs on Thursday.

Copyright Reuters, 2011