Euro falls after rallying following the ECB meeting

The euro fell on Friday after a series of moves made by the European Central Bank meeting on Thursday, which ended with the largest gains in the month of investigation. ECB has taken bold steps to facilitate monetary policy, including the expansion of the largest purchases of assets and lower interest rates on deposits, which was already below zero, which greatly exceeded market expectations and was supposed to weaken the euro. However, the Bank President Mario Draghi's comments in which he said he expected the bank not to provide a further reduction in interest rates has fueled fears that the officials in Europe and Japan have exhausted ideas aimed to reduce the currency and raise inflation. After the rise of the euro above $ 1.12 on Thursday, the European single currency fell about one percent to $ 1.1085 in early European trading. And recovered the dollar index, which tracks the US currency's performance against a basket of major currencies to go up about 0.5 percent from its lowest level in a month of 95.939 hit in US trade after it dropped significantly due to the rise of the euro. The dollar rose 0.5 percent against the Japanese currency to 113.74 yen after it came down to 112.75 yen in Asian trading. The US currency remains close to its lowest level in 16 months below 111 yen, which reached last month over concerns about banks and the pace of global growth