NEW YORK (AP) -- Comments about the euro from European Central Bank president Mario Draghi are pushing the currency sharply lower against the dollar.
The euro fell to $1.3394 in afternoon trading from $1.3525 late Wednesday.
Still, the euro has been trading above $1.30 since December and jumped above $1.35 last month. A stronger euro could raise the price of exports, possibly slowing economic activity.
ECB president Draghi says that he will keep a close eye on the impact of a stronger euro. Draghi says the currency's strength is a sign that investors are more confident in the region, but it could hurt economic growth.
The British pound rose to $1.5706 from $1.5666.
The dollar rose to 93.47 Japanese yen from 93.38 Japanese yen.
Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.