The euro fell to a two-week low on Friday of $1.48, with dealers citing options-related selling and the dollar rallying broadly as investors cut risk positions across asset markets in favour of liquidity.

The euro traded at $1.4800, the lower end of a much-touted double-no-touch options structure at $1.4.48-$1.51 rolling off later in the day. That marked a decline of around 0.8 percent on the day, before recovering some ground to $1.4825.

Traders weren't sure, however, if the DNT options structure remained intact or not. Some said it might still be alive because traded volume at that level was so light, but others said it was done.

The dollar index was up 0.7 percent at 75.80 .DXY, while the yen rallied against major currencies as dealers unwound carry trades.