The euro was seen on improved track when China said Europe remains a key investment market for its foreign-exchange reserves. Douglas Peta, an independent market strategist in New York said: "Reports from the front suggested that investors might become frightened that China could do something drastic. Getting some assurance that Chinese sales of European sovereign debt isn’t imminent is making everyone feel better."
The euro was down 0.1 percent to $1.2167. The euro was little moved at 109.46 yen