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The euro fell to its lowest in 22 months against the dollar on Thursday, amid prospects of diverging monetary policies between the Federal Reserve and the European Central Bank.
The single currency fell to $1.27305 on trading platform EBS, its lowest since November 2012 and down 0.3 percent on the day.
The drop followed widening yield differentials between US 10-year Treasuries and their German counterparts. The yield spread between the two trades near 15-year highs, driving more investors to buy the dollar.
The dollar index rose 0.35 per cent to hit a fresh 4-year high of 85.342
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