Daily Drop and New York

European Central Bank: The ICE U.S. Dollar index DXY, -0.51% a measure of the dollar strength against a basket of six currencies, fell to a session low of 96.8900, its weakest level since early November and what amounted to a daily drop of more than 2% before paring its decline to 97.9500, a drop of 1.7% on the day, according to Market Watch. The euro EURUSD, +0.5043% traded at $1.1108 late Wednesday in New York, compared with $1.0925 late Tuesday in New York. The buck had trimmed a chunk of its decline by late afternoon in New York as U.S. stocks turned positive heading into the close. It was the euro largest daily gain versus the buck since the European Central Bank unveiled a smaller-than-expected expansion of its stimulus measures on Dec. 3. The pound GBPUSD, +0.3355% traded at $1.4603, compared with $1.4403 late Tuesday. The dollar USDJPY, -0.23% weakened to ¥117.78 Wednesday, compared with ¥119.80 Tuesday. (news.financializer.com). As reported in the news.