Euro Falls The Most In Weeks After ECB President Mario Draghi Signals Easing Monetary Policy

The euro fell the most in the past seven weeks against the dollar, after the European Central Bank, or ECB, signaled that it would ease monetary policy in June. The euro weakened 0.7 percent to $1.374 while the local currency also fell from almost a 2.5-year high of just below $1.40 as Mario Draghi, ECB president, said that policymakers would be "comfortable" with further taking steps to support the euro-zone economy. Such a signal has made rival currencies more attractive.