The dollar held strong against its major rivals on Wednesday, hovering near a 14-year peak versus the euro, driven by bets of higher U.S. growth and a faster pace of interest rate increases under incoming president Donald Trump.
In thinning volume ahead of the year-end holiday period, EUR/USD slipped below last week's 14-year low of 1.03665 on Tuesday to hit 1.0352, a level last seen in January 2003.
That helped to lift the dollar against a basket of six major currencies to touch 103.65, also a 14-year high.
Forex investors rushed to U.S. assets as they bet Trump's expansionary fiscal policy will boost U.S. growth, inflation and interest rates.
While central banks in Europe and Japan stay committed to very loose monetary policies, forex traders continue to pile into the dollar.
The Federal Reserve, which hiked rates last week, signaled three more increases next year from the previous projection of two.
USD/JPY edged up to 117.83, coming within a small distance of its 10 1/2-month high of 118.66 touched on Dec 15.
Cable fell to one-month low of $1.2313 on Monday, weighed by renewed uncertainty over the process by which Britain will leave the European Union.
