Early trade in New York: Euro falls versus dollar

The euro fell against the dollar in volatile trade on Thursday after European Central Bank President Mario Draghi disappointed investors hoping for quick action to contain the euro zone debt crisis. "Like the Fed....talk the talk, no walk the walk," said David Rosenberg, chief economist and strategist at Gluskin Sheff in Toronto.
The euro fell as low as $1.2132 on Reuters data, a one-week low and off sharply from a session peak of $1.2404, the strongest level since July 5. It was last at $1.2143, down 0.7 percent. Against the yen, the euro slid as low as 94.90 and last traded down 0.9 percent at 94.98 yen. It also hit a record low against the Australian dollar around A$1.1600.
The dollar slipped 0.3 percent to 78.23 yen.