The euro sank Wednesday, extending losses after the European Central Bank revoked a waiver that had allowed Greek banks to use the country’s junk-rated sovereign debt as collateral for cheap loans .The euro EURUSD, +0.11% changed hands at $1.1335 in late North American trade, down from $1.1482 late Tuesday. The shared currency had earlier surged as high as $1.1534 — it’s highest level since Jan. 22.
Meanwhile in Japan, the dollar traded at 117.25 Japanese yen USDJPY, +0.03% compared with ¥117.52 late Tuesday in New York. The euro was at ¥132.86.
The WSJ Dollar Index BUXX, -0.08% a measure of the dollar against a basket of major currencies, was up slightly at 85.56.
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