On Thursday, August 9, the single currency lost ground versus its major peers, as the ECB's report signaled the further economic contraction, even worse, than it was predicted earlier. The Euro erased 0.5 per cent to $1.2303 during today's New York trading session. The single currency weakened against the Yen as well, with losing 0.1 per cent to 96.84 per yen. At the same time, the ICE Dollar Index added 0.29 per cent to 82.64.