The euro last changed hands at $1.2263, staying within sight of Monday’s peak of about $1.2296, its strongest since December 2014.
Market participants said they expect the euro to remain on solid footing in the near term.
“The markets are going to continue on with this trend,” said Stephen Innes, head of trading in Asia-Pacific for Oanda in Singapore, referring to the euro’s recent gains.
Although there is focus on whether the euro’s strength would soon worry the ECB and encourage it to talk down the currency, there has been little sign of such push-back from the ECB so far, Innes said.