The euro soared close to a one-year high against the dollar today, as the greenback was hit by growing economic optimism and super-low US interest rates.
Traders sold safe-haven assets, such as the dollar, amid growing hopes about the global economic outlook, analysts said.
The euro jumped as high as $1.4767 earlier today - a level last seen on September 25, 2008. It later eased a little to stand at $1.4747 this evening.
Investors also switched away from the dollar to buy riskier assets after Wall Street stocks jumped to the highest level in 11 months on the back of better factory data.
