The dollar fell versus the euro and yen after European Central Bank President Mario Draghi suggested further stimulus may not be required and Japanese policy makers last week refrained from additional easing.

The greenback weakened for a third day against the shared currency after Draghi said it’s still an “open question” whether adding more stimulus will be needed at the ECB’s December meeting. A gauge of the dollar declined before U.S. payrolls data this week that will help determine whether the Federal Reserve will increase interest rates this year. The Australian and New Zealand dollars dropped against the yen after Chinese manufacturing contracted for a third month.

The dollar declined 0.1 percent to $1.1020 per euro and slipped 0.2 percent to 120.44 yen as of 9:10 a.m. in Tokyo. The Bloomberg Dollar Spot Index fell 0.1 percent.

Australia’s dollar declined 0.2 percent to 85.94 yen and New Zealand’s depreciated 0.3 percent to 81.48 yen.

Source: Bloomberg