The shared currency EURUSD, -0.1252% peaked at $1.1218, its highest level since Feb. 15, reversing a sharp drop that followed the firing of the ECB’s “bazooka—a comprehensive expansion of its stimulus measures, which included several interest-rate cuts and a €20 billion expansion of the central bank’s monthly bond purchases, among others.
The shared currency bought $1.1182 late Thursday in New York, compared with $1.0986 late Wednesday, a 1.8% daily gain.
The ICE U.S. Dollar index DXY, +0.08% a measure of the dollar’s strength against a basket of rival currencies, fell 1% to 96.2300.
The euro’s strength spilled over to the pound, pushing the British currency GBPUSD, -0.0420% up 0.5% against the dollar. The pound traded at $1.4279 late Thursday in New York, compared with $1.4203 late Wednesday.
In other currency trading, the dollar bought USDJPY, +0.22% ¥113.16 late Thursday, compared with ¥113.19 late Wednesday as it unwound strong gains that followed a better-than-expected reading on new jobless claims last week.
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