The dollar recovered against its rivals Thursday after an unexpectedly dovish statement from Federal Reserve policy makers triggered the largest intraday selloff in the buck since 2009.
The euro EURUSD, +0.23% traded at $1.0653, compared with $1.0831 at Wednesday’s close. The single currency briefly climbed above $1.10 after the close of the Fed’s news conference, its highest intraday level in two weeks.
The U.S. Dollar index DXY, -0.18% a measure of the dollar’s strength against six rival currencies, fell 3.6% intraday on Wednesday, its largest move since a 3.7% decline in March 2009. The index bounced back to 98.0760, up 0.5% on the day.
The dollar USDJPY, -0.04% on Thursday fetched ¥120.81 compared with ¥120.09 late Wednesday.
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