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07.07.201401:21:42UTC+00Euro lags at one-week lows versus US dollar

The euro languished at one-week lows versus the US dollar and following a top European Central Bank official underpinned the need for interest rates to remain low for a longer time.

ECB policymaker Benoit Coeure, while pressing eurozone governments to do their part to bolster growth, mentioned rates must stay very low for a long time period to guarantee monetary stability.

The euro was at $1.3588, dropping about $1.3585. The market could reach $1.3575 initially, a level which rendered some support late last month.

Against the Japanese yen, the common currency settled at ¥138.72, down from last week's ¥139.30.

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