Investing.com - The euro rose to levels seen in over a year as the European Central Bank as widely expected left its monetary policy on hold.
In remarks to journalists, ECB President Mario Draghi said the bank's Governing Council put off any discussion of the options for a possible shift in monetary policy until the fall.
The euro was up 0.43% at $1.1564 at 10:00 ET after hitting a high of $1.1574, the highest level since early May of last year.
"We have to have all of the available information," Draghi said.
He said the timing of any discussion of a shift in policy has "deliberately been kept open."
Investors had been looking for any guidance on the possible tapering of the ECB's asset purchases.
Asset purchases will remain at €60 bn a month for the rest of the year. The ECB retained the option of extending the size and duration of quantitative easing in its forward guidance.
The ECB's key lending rate was kept at 0.0%, the deposit rate at minus -0.4%.
Draghi said the risks to the euro-zone economy remain balanced, with inflation still well below the bank's medium-term target of close to but below 2% on a self-sustaining basis.
The dollar index gave up earlier gains and was down 0.16% at 94.48 after a high for the session of 94.98.
Initial weekly jobless claims fell 15,000 to 233,000, the lowest level in nearly five months. Claims were forecast to fall to 245,000.
The Philadelphia Fed manufacturing index fell to 19.5 in July from 27.6 the previous month when it was forecast to fall to 24.0.