The euro was seen on good note after a Spanish bond auction soothed worries about the country’s finances, while worse-than-expected US data weighed on the dollar. The euro rose along with investor spirits after Spain’s bond action.
John Doyle, senior currency strategist at Tempus Consulting in Washington said: "Philly Fed was slightly weaker than expected and that’s contributed to equities turning around and the pretty significant gain in the yen. In the near term it causes some worry about the US growth outlook."
The euro fell 1.1 percent to 1.3773 Swiss francs. The euro had retreated to $1.2386. The dollar fell 0.5 percent to 90.96 yen and the euro rose 0.1 percent to 112.70 yen.