The U.S. dollar hit an 11-year high against the euro Wednesday after pushing through a key technical threshold, shrugging off a weaker-than-expected ADP jobs report and strong eurozone reports.
The euro EURUSD, -0.41% tumbled to $1.1073, its lowest level since late 2003.
The dollar USDJPY, +0.16% inched higher against the yen after a measure of February service-sector activity in the U.S. came in higher than analysts had expected. The dollar traded at ¥119.70, compared with ¥119.67 late Tuesday.
The pound GBPUSD, -0.22% traded at $1.5258, compared with $1.5362 Tuesday.
The ICE U.S. Dollar Index DXY, +0.31% a measure of the dollar’s strength against six of its largest trading partners’ currencies, was 0.62% higher at 95.9750.
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