It has gained almost 15 percent from its January 3 low of USD 1.0340, which was its weakest level since January 2003, on rising expectations that the European Central Bank will taper its stimulus next year.
The dollar also slipped to a 1-1/2-month low of 110.21 yen, and last stood at 110.32 yen.
The Australian dollar held steady at USD 0.8000 ahead of the Reserve Bank of Australia's policy announcement later in the day. The RBA is widely expected to keep interest rates on hold.
For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory