Forex Market Update

 The ICE U.S. Dollar Index hit a fresh 52-month high Thursday, the second time this week. The greenback was spurred higher by dovish comments from the European Central Bank, falling oil prices, and tepid data out of the U.K.

The index DXY, +0.02%  , a measure of the dollar’s strength against a basket of six rival currencies, gained 0.7% to 88.0570 Thursday after rising as high as 88.11.
The euro EURUSD, +0.03%   fell steadily against the buck during North American trading, settling at $1.2365 Thursday afternoon, a 26-month low, compared to $1.2487 late Wednesday.

the dollar hovered just under a seven-year high reached during the Asia trading day. It USDJPY, +0.10%  traded at 115.20 yen, compared to ¥114.62 late Wednesday.