The dollar was mixed in N.Y. trade on Thursday, rallying to two-week highs against the euro on a dovish ECB. Draghi said in the introductory statement that the downside risks that emerged since the start of the year mean that there is the "need to review and possibly reconsider" the policy stance in March, when the next set of forecasts are available. EUR-USD fell to 1.0780 lows after posting a 1,0920 peak. The dollar firmed against the yen on better risk taking levels, and moved sharply lower against the CAD, as oil prices rebounded. USD-CAD fell as much as 3% from Wednesday's trend high.
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