The euro slipped against the American currency during early European deals on Thursday after the release of Eurozone final services PMI data for March.
The PMI index fell to 46.4 in March from 47.9 in February.
Breaching the key 1.28 mark, the euro touched 1.2785 against the greenback, its lowest since April 1. If the euro extends decline, 1.27 is seen as the next downside target level. The pair finished Wednesday's trading at 1.2850.
