Euro drops to four-month low

The euro fell to a four-month low against the dollar on Thursday, and helped the dollar index rise to a seven-month high, after European Central Bank President Mario Draghi said the bank did not discuss ending bond purchases.

The ECB did not discuss at its latest meeting either ending its asset-buying program or extending it, Draghi said.

“Draghi pushed back strongly against the idea that they could discuss tapering or adjusting QE and that weighed on the euro," said Vassili Serebriakov, FX strategist at Credit Agricole in New York. "The markets took (Draghi's comments) as a little bit dovish," he said.

Bloomberg reported earlier that ECB policymakers were building consensus that quantitative easing would need to be wound down gradually when the central bank decides to end the program.