The dollar had weakened against the euro earlier in the session following news of a surprise meeting of the European Central Bank, which some traders said was aimed at addressing risks of fragmentation of the eurosystem.
The so-called fragmentation risk refers to the concern that the ECB’s monetary policy actions may affect the 19 nations that make up the euro zone in different ways, with some countries seeing a significant rise in their bond yields, decoupling. of the economic fundamentals.
Following its emergency meeting, the ECB said on Wednesday it would bias reinvestment of maturing debt to help more indebted member states and devise a new instrument to prevent fragmentation.
With renewed selling pressure on the dollar, the euro was up 0.36% at $1.0452.
Among cryptocurrencies, bitcoin fell to a fresh 18-month low of $20,076.05, before paring losses to trade almost unchanged at $22,149.15.
With information from Reuters.