NEW YORK (CNNMoney.com) -- The euro continued its slide against the dollar Wednesday, but losses were limited as European stocks rallied.
What prices are doing: The dollar rose 0.3% against the euro to $1.2311.
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| Click the chart to view other foreign exchange rates. |
The greenback jumped 0.1% versus the British pound to $1.4401. It was up 0.3% against the Japanese yen at ¥90.44.
The dollar is up 8.7% on the euro for the month, and up almost 17% year to date.
What's moving the market: The euro has been mired in a sell-off for the past three weeks, as debt concerns in European countries continue to weigh on the zone's currency.
The euro was still down in late trade, but earlier rallies in European stock indexes helped put a floor under the shared currency.
With no end in sight for the euro's decline, even the commodities market was decoupling from the foreign exchange market with a Wednesday rally, said Art Hogan, chief market strategist at Jefferies & Co.
The dollar's exchange rate and commodities prices are usually closely related, and they move in opposite directions. Commodities are priced in the U.S. currency around the world, so a stronger dollar makes oil and gold more expensive for foreign market players.
Despite a $1 trillion euro-zone rescue package, the euro zone's slide shows no signs of abating. The shared currency has plummeted to four-year lows recently as fears of debt contagion worry investors. 
| Overnight Avg Rate | Latest | Change | Last Week |
|---|---|---|---|
| 30 yr fixed | 3.80% | 3.80% | |
| 15 yr fixed | 3.09% | 3.11% | |
| 5/1 ARM | 2.65% | 2.69% | |
| 30 yr refi | 3.77% | 3.86% | |
| 15 yr refi | 3.09% | 3.21% |
Today's featured rates:
| Index | Last | Change | % Change |
|---|---|---|---|
| Dow | 12,454.83 | -74.92 | -0.60% |
| Nasdaq | 2,837.53 | -1.85 | -0.07% |
| S&P 500 | 1,317.82 | -2.86 | -0.22% |
| Treasuries | 1.74 | -0.01 | -0.80% |
| Company | Price | Change | % Change |
|---|---|---|---|
| Bank of America Corp... | 7.15 | 0.01 | 0.14% |
| Sprint Nextel Corp | 2.62 | 0.09 | 3.56% |
| Cisco Systems Inc | 16.33 | -0.06 | -0.37% |
| Chesapeake Energy Co... | 15.81 | 0.23 | 1.48% |
| Ford Motor Co | 10.60 | 0.01 | 0.09% |
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