The euro approached its strongest level against the dollar in nearly two months as risk sentiment improved and higher-than-estimated German inflation underpinned the outlook for rates in Europe.
The euro jumped as much as 0.8% to $1.0926 on Thursday, just below $1.0930 reached on March 23, the highest since early February. The dollar was broadly weaker against peers as US stocks extended gains on bets that a peak in interest rates is near and bank turmoil will ease further.
