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Frankfurt / Main (dpa) - The euro rose above 1.23 US dollars on Wednesday.
In the afternoon, the European common currency cost $ 1.2310.
This is the highest level since April 2018.
In early trading, the euro was still around half a cent lower.
The European Central Bank (ECB) set the reference rate at 1.2281 (Tuesday: 1.2259) dollars.
The dollar cost 0.8143 (0.8157) euros.
The dollar fell against all major currencies.
The positive mood on the financial markets over the past few days had put a strain on the world's reserve currency.
US President Donald Trump had cleared the way for a new stimulus package.
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The euro and the British pound recently benefited from the agreement on a trade agreement between the European Union and Great Britain.
In the afternoon, the British House of Commons also approved the Brexit trade pact.
The pound gained against all major currencies, even if approval was considered certain.
For other major currencies, the ECB set the reference rates for one euro at 0.90307 (0.90863) British pounds, 126.57 (127.23) Japanese yen and 1.0857 (1.0862) Swiss francs.
The troy ounce of gold (31.1 grams) was trading at $ 1,886 in London that afternoon.
That was about $ 8 more than the day before.
© dpa-infocom, dpa: 201230-99-855545 / 2