Euro falls with no sign of ECB policy change

London

THE euro held near the day's lows on Wednesday after sources signalled European Central Bank chief Mario Draghi would not use his Jackson Hole appearance to signal policy change by the bank.

The euro has gained 11.5 per cent so far this year against the dollar and is the best performing currency in the G10 FX space with most of its gains coming in recent months on growing bets that the European Central Bank will start unwinding its massive policy stimulus.