The shared currency started falling on reports that the European Central Bank plans to increase its asset purchases in May and June, and buy fewer bonds during the summer months to avoid roiling markets during a period when liquidity is expected to thin out.
The shared currency EURUSD, -0.0359% finished the day down about 1.5% against the dollar, recording its worst one-day loss since March 19, when it finished the session down about 1.8% against the greenback, according to FactSet data.
The dollar USDJPY, +0.18% rose steadily against the yen, trading near the ¥121. The dollar hasn’t reached that level since March 20. It was recently at ¥120.70, compared with ¥119.97 Monday.
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