Investing.com - The euro weakened Thursday as Mario Draghi reaffirmed the need for ongoing ECB policy support.
The single currency was off 0.10% at $1.0653 at 04.45 ET after an intraday low of $1.0629.
In prepared remarks in a speech delivered in Frankfurt, Draghi said the ECB's accommodative stance was bearing fruit.
But he added it is "too soon to declare success."
He noted headline inflation had move toward the ECB's target of close to but below 2%.
But he stressed core inflation, which excludes energy and fresh food prices, still shows few signs of an upward trend.
Some ECB policy members had hinted at a hike this year in the ECB's deposit rate, which stands at minus -0.4%.
ECB's key lending rate stands at 0.0% and monthly asset purchases at €60 billion.
The bank's quantitative easing program is due to remain in place until the end of this year.
The dollar index was up 0.11% at 100.57 after dipping earlier in the session to a low of 100.28.