Euro resumes losses ahead of Christine Lagarde's remarks

Euro fell in European trade against dollar on track to hit three-week lows while investors still buy up the dollar as a better alternative investment, ahead of ECB President Christine Lagarde's speech later today on the common currency and European economy. 

EUR/USD fell 0.3% to 1.1782, with an intraday high at 1.1820, after closing up 0.15% yesterday, the first profit in four days away from three-week lows at 1.1770.

Dollar's gains are contained however after disappointing US industrial production data this week.

The dollar index rose 0.25% on Thursday after a hiatus from gains yesterday against a basket of major rivals.

Investors are still buying up the greenback however on bets that the Federal Reserve will cut the bonds purchases program later this year.

ECB President Christine Lagarde is due to speak about the euro and the European economy at an online event hosted by HEC Paris and the European League for Economic Cooperation.

Lagarde's remarks might offer more clues on the future of monetary policy in Europe and the ECB's expectations for economic development.