The euro fell to a two-month low against the dollar on Thursday after the European Central Bank held interest rates at a record low and said the euro zone economy showed little sign of recovering before year-end. The currency has rallied nearly 4 percent against the dollar since the beginning of August. The euro slid to a two-month low of $1.2716 on Reuters data, the weakest since September 7, before recovering to $1.2745, down 0.2 percent on the day.
Traders said option-related buying was noted ahead of $1.2700 barriers. The euro also hit a near four-week trough against the yen, and was last down 0.6 percent at 101.54 yen. It also fell to a five-week low against sterling at 79.605 pence and was last changing hands down 0.2 percent at 79.76 pence. The dollar slipped 0.4 percent to 79.65 yen, staying below a six-month high of 80.67 yen set on Reuters data last week.
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