Euro widens losses after ECB

Euro fell on Thursday for the second day in a row after the European Central Bank's meeting, which showed the bank's readiness to intervene if needed while keeping interest rates at their record lows for a longer period of time, heaping pressure on the euro.
 
EUR/USD last traded at 1.0606, down from the opening of 1.0628, with a session-high at 1.0678, and a low at 1.0590.
 
ECB president Mario Draghi said in his press conference after the bank's decision to keep interest rates and monetary policy unchanged that they're ready to intervene whenever needed, and that the quantitative easing program will go on till April, before lowering it to 60 billion euros a month till the end of the year.  
 
Draghi also said he prefers the current record low interest rates for a longer time to improve the loaning rates to companies, while the bank will use every tool available to it to ensure a stabilized growth rate and financial stability.

Draghi's statements pressured the euro as the dollar recovers against a basket of currencies for the second straight day, heaping pressure on the common currency due to strong U.S. data.