The euro dropped to as low as $1.0603
Europe's Stoxx 600 <.STOXX> share index moved out of the red as Draghi spoke too and went as high as 363.83 points. Euro zone bond yields and forward money market rates, which move inverse to prices, also edged off the day's highs.
Benchmark Bund yields
Draghi's comments also came alongside better-than-expected U.S. economic data, which boosted the dollar across the board.
(Reporting by Marc Jones)