Euro falls on weak economic data and Draghi's remarks

Euro fell today after the release of weak European data that raised concerns about the economy, and after ECB President Mario Draghi's remarks.

The German manufacturing PMI fell to 41.4 points last month, while in France it fell to 51.6 points, and the European PMI fell to 45.6 points.

Service PMI in Germany, France and in Europe also fell during August.

ECB President Mario Draghi said that monetary easing policy should be dealt with caution, as it may last for a long time to support growth in the EU.

The ECB has cut interest rates to -0.5% this month and launched a new bond-buying program.

As of 17:49 GMT, EUR/USD fell by 0.2% to $1.0991, with a high of $1.1027 and a low of $1.0967.