Investing.com - The euro fell to the day’s lows on Wednesday following reports that ECB President Mario Draghi will not deliver any fresh monetary policy message at the U.S. Federal Reserve's Jackson Hole conference.
EUR/USD was down 0.23% at 1.1707 by 04.18 a.m. ET (08.18 a.m. GMT) from around 1.1723 earlier.
The report tempered expectations that the ECB is moving closer to announcing plans to scale back its monetary stimulus program.
Reuters reported that Draghi’s speech will focus on fostering a dynamic global economy, which is the theme of the conference.
Anticipation had been building ahead of the speech, which is due to take place on Aug. 25 amid expectations that Draghi would signal a shift in ECB policy.
In his last speech in Jackson Hole in 2014, Draghi laid the groundwork for the ECB's quantitative easing program.
The euro was a touch lower against sterling, with EUR/GBP dipping 0.12% to 0.9107.
Meanwhile, the single currency retraced gains against the yen, with EUR/JPY last at 129.77, down from an overnight high of 130.4.