The euro dropped to session lows against the U.S. dollar on Tuesday, after European Central Bank President Mario Draghi said recent economic developments have been weaker than expected.
In a speech addressing the European Parliament, Draghi also said that uncertainties and global factors remain of great importance and that further significant monetary stimulus was needed. The euro in response fell to its weakest level of the day, briefly diving below the psychologically-important $1.14 level and trading at its lowest level in more than a week. The shared currency last bought $1.1402, down from $1.1472 late Monday in New York.
Source : Marketwatch