The dollar remains under pressure for a fourth day today but has backed away from an earlier 20-month low against the euro.
French finance minister Thierry Breton said vigilance would be needed on the dollar's weakening and that the euro would be discussed with EU finance ministers later in the day.
French trade minister Christine Lagarde earlier told the Japanese business daily Nihon Keizaithat the single European currency's recent rise had been considerable.
The euro was still seen keeping the upper hand, however, having also spiked to a record peak against the low-yielding yen with analysts citing positive sentiment about the euro area's interest rate outlook compared with that of the United States.
The euro was sent above the psychological $1.30 level for the first time since April 2005 on Friday by various factors including a robust German business survey, concerns about central banks diversifying their reserves away from dollars, and a narrowing US interest rate advantage.
Sterling hit a 2-year peak of $1.9465, taking its gains since the start of this year against the dollar to more than 12 per cent.
With Mr Breton's comments in mind, market players will look to today's meeting of euro zone finance ministers for further possible comments on the euro's rise.