February 5, 2018 / 4:30 PM / 6 months ago

Euro trims losses after Draghi's comments on euro zone economy

NEW YORK (Reuters) - The euro pared some losses against the dollar on Monday after European Central Bank President Mario Draghi said the euro zone economy has strengthened enough to lift regional inflation towards the ECB’s 2-percent goal.

FILE PHOTO: Two Euro coins are seen after being minted in the Austrian Mint (Muenze Oesterreich) headquarters in Vienna June 20, 2013. EUTERS/Leonhard Foeger /File Photo

At 11:18 a.m. (1618 GMT), the single currency was

down 0.40 percent at $1.2410, which was below a three-year peak of $1.2536 set on Jan. 25, Reuters data showed.

Reporting by Richard Leong

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