The euro was seen dull when a report suggested that the China is reviewing its euro zone bond holdings, leading investors to scramble for safe-haven US dollars. RBC Capital Markets wrote in a research note said: "In the absence of any major (emerging markets) data today, we believe price action continues to be driven by global risk appetite."
Jaime Ascencio, an analyst at brokerage Actinver said: "There is a lot of sensitivity to the instability of the euro and European markets. With whatever type of news about the euro that the market does not like, markets weaken."
The euro was down 0.1 percent to $1.2167. The euro was little moved at 109.46 yen