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The euro hit its weakest in over two years against a strong dollar on Wednesday, a day ahead of a crucial European Central Bank meeting that could pave the way for more easing measures in the euro zone.
The euro sank to $1.2352 on trading platform EBS, its lowest since August 2012, with traders citing options barriers at $1.2350.
The ECB will hold a meeting on Thursday followed by a news conference. President Mario Draghi will be closely watched for any hints that the central bank could launch a bond-buying programme in an effort to shore up the euro zone economy and boost stubbornly low inflation.
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