The euro gained against the dollar Wednesday, erasing an earlier decline after European Central Bank President Mario Draghi confirmed that the eurozone’s recovery is on track and said the central back is ready to do more to lift the European economy if necessary.The euro EURUSD, -0.0355% was up 0.9% to $1.1265, breaking above the $1.12 level and adding to its weekly gain after scoring its biggest jump in more than two months on Tuesday.
The ICE U.S. Dollar Index DXY, -0.03% a measure of the dollar’s strength against a basket of six rival currencies, was down 0.5% to 95.3330.
The ICE U.S. Dollar Index DXY, -0.03% a measure of the dollar’s strength against a basket of six rival currencies, was down 0.5% to 95.3330.
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