The euro held near multi-month highs against rival majors Thursday on expectations the European Central Bank will expand its bond buying programme later in the day to shore up the coronavirus-stricken economy.
The euro's strength helped to push the dollar's index against a basket of key currencies to the lowest level in nearly three months.
The euro stood at $1.12305, having risen to $1.1258 on Wednesday, its highest levels since mid-March and the seven straight session of gains.
Against the Japanese yen, the common currency rose to a 4-1/2-month high of 122.625 overnight and last stood at 122.41 yen.
The European Central Bank is widely expected to increase the size of its 750 billion euro ($669 billion) Pandemic Emergency Purchase Programme (PEPP) as early as Thursday.
Source : Reuters