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The Dollar traded lower earlier on Thursday in European markets after new hope of an economic recovery in Europe bolstered sentiment.
The Dollar index fell by 0.1% to 954.808 at 3:10 AM ET (0710 GMT), gaining only slightly from the four-month low of 94.773.
Against the Japanese Yen, the Greenback traded mostly flat at ¥107.09, while the British Pound Sterling also remained unchanged against the Dollar at $1.2731.
The Euro rose against the Dollar, gaining 0.2% to $1.1587 after reaching a 21-month high of $1.1587 per Euro.
The gains in the Euro come after E.U. leaders agreed to roll out a massive stimulus plan to help soften the economic impact of the COVID-19 pandemic.
Germany’s GFK consumer confidence survey released on Thursday also helped strengthen the Euro, which showed that Europe’s largest economy was on track to a quick recovery.
The forward-looking consumer sentiment index stood at -0.3 in August, performing better than the forecasted -5 and July’s -9.6. It has gained almost 23 points since its low of - 23.1 points in May.
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