The euro reversed to trade lower against the dollar on Thursday after traders looked past a European Central Bank meeting and weighed the potential for a more hawkish Federal Reserve next week, while the yen rebounded on flagging risk appetite.
The euro was last down 0.07 percent against the dollar at $1.1296, near a session low of $1.1271, after hitting a nine-day high of $1.1394 on the back of comments from ECB President Mario Draghi.
Draghi brushed off German criticism of his ultra-loose monetary policy and vowed to use all the tools at his disposal for "as long as needed."
Analysts said his remarks did not suggest the bank would weaken the euro with further stimulus measures any time soon, which led the euro to initially rally. As the focus shifted to the Fed's April 26-27 meeting, however, the dollar recovered.