rally on the back of a brightening outlook for the region’s vaccination programme.
The dollar had already been losing traction as US bond yields retreated from a 14-month peak touched last month, reducing the greenback’s yield allure.
The euro rose as high as $1.20715 for the first time since March 3, while the British pound touched a fresh
one-month high at $1.40090, building on a 1 per cent jump overnight.
Some analysts say support for the euro likely came from the announcement that...