The euro rebounded from a more than two-year low against the dollar on Thursday after European Central Bank President Mario Draghi did not send as strong a signal about injecting more stimulus as the market had expected.
Investors were looking for specific details about the ECB's quantitative easing plan, or any indication about when the bank may embark on its asset-buying plan. Instead, Draghi kept investors guessing and prompted them to hold off making further bets on the euro.
The dollar, meanwhile, zoomed to a more than seven-year peak against the yen after Japanese media projections showed Prime Minister Shinzo Abe's coalition might keep its two-thirds majority in the lower house of parliament in the Dec. 14 elections. More yen printing would be expected if Abe's party wins.