The euro slipped today as traders speculated whether slower European growth will warrant a European Central Bank interest rate cut in the coming months.
The euro slipped to the day's low of $1.4497, inching towards a two-week low of $1.4440 hit last week, before pulling back to around $1.4515, little changed on the day.
It also fell against the yen to 154.87 yen in early trade. The single currency recovered to around 155.15 yen, but remained 0.1 per cent lower on the day.
Trading activity slowed in the afternoon as market participants awaited data on German investor sentiment due later in the day to get a better take on the European economy.
Germany's ZEW index of investment confidence for February, due later, is expected to fall to -45.0 this month from -41.6 in January. The US currency was little changed at 106.90 yen.
