Dollar falls against the euro

to assess whether its stimulus program will be expanded.

Draghi informed the Economic and Monetary Affairs Committee of the European Parliament that slowing growth in emerging markets and the high value of the euro and falling commodities all prices are already factors frustrated expectations to enhance its purchase asset program, but that there is a need to determine whether these factors have a lasting impact.

Draghi's comments pushed euro higher against the dollar after European currency had fallen to its lowest level in two weeks and a half.

The euro was also the highest level in a week against the pound to hit 73.47 pence after Draghi comments.

The dollar continued to climb against emerging-market currencies to its highest level ever in front of the Brazilian currency at 4.12 riyals.

The euro ended the US trading, up 0.58 percent against the greenback at $ 1.1185 and rose 0.07 percent against the Japanese currency to 120.21 yen. The Swiss currency against the dollar rose 0.39 percent to 0.9791 francs.

The decline in the dollar index, that measures the greenback's value against a basket of six main currencies - 0.05 percent to end the trading in the US market at 96.231 after it jumped earlier to 96.548, the highest level in two weeks and a half.