NEW YORK (CNNMoney.com) -- The euro soared almost 1% against the dollar Thursday after the European Central Bank said it would maintain its liquidity measures, easing some fears of debt crisis in the zone.
What prices are doing: The euro rose 0.9% against the dollar to $1.2087 Thursday. Earlier in the week it fell to $1.18, a level not seen since the euro's debut on Jan. 4, 1999.
 |
| Click the chart to view other foreign exchange rates. |
The greenback also fell 0.9% against the British pound to $1.4661, and it fell 0.3% against the Japanese yen at ¥91.03.
What's moving the market: At a press conference, European Central Bank President Jean-Claude Trichet said the central bank would maintain its monetary policy. That includes continuing to offering three-month emergency loans to banks until September.
While the ECB is not winding down any operations, investors were cheered that the central bank isn't adding further measures.
A bond auction in Spain brought solid demand, with bids coming at the top of the predicted range, further cementing the euro.
Investors also digested a report verifying a nearly 50% surge in Chinese exports in May, compared to a year earlier. The report helped calm fears that Europe's debt crisis will snowball to the rest of the world and delay global recovery. 
| Overnight Avg Rate | Latest | Change | Last Week |
|---|---|---|---|
| 30 yr fixed | 3.80% | 3.88% | |
| 15 yr fixed | 3.20% | 3.23% | |
| 5/1 ARM | 3.84% | 3.88% | |
| 30 yr refi | 3.82% | 3.93% | |
| 15 yr refi | 3.20% | 3.23% |
Today's featured rates:
| Index | Last | Change | % Change |
|---|---|---|---|
| Dow | 32,627.97 | -234.33 | -0.71% |
| Nasdaq | 13,215.24 | 99.07 | 0.76% |
| S&P 500 | 3,913.10 | -2.36 | -0.06% |
| Treasuries | 1.73 | 0.00 | 0.12% |
| Company | Price | Change | % Change |
|---|---|---|---|
| Ford Motor Co | 8.29 | 0.05 | 0.61% |
| Advanced Micro Devic... | 54.59 | 0.70 | 1.30% |
| Cisco Systems Inc | 47.49 | -2.44 | -4.89% |
| General Electric Co | 13.00 | -0.16 | -1.22% |
| Kraft Heinz Co | 27.84 | -2.20 | -7.32% |
|
Bankrupt toy retailer tells bankruptcy court it is looking at possibly reviving the Toys 'R' Us and Babies 'R' Us brands. More |
Land O'Lakes CEO Beth Ford charts her career path, from her first job to becoming the first openly gay CEO at a Fortune 500 company in an interview with CNN's Boss Files. More |
Honda and General Motors are creating a new generation of fully autonomous vehicles. More |
In 1998, Ntsiki Biyela won a scholarship to study wine making. Now she's about to launch her own brand. More |
Whether you hedge inflation or look for a return that outpaces inflation, here's how to prepare. More |
