The euro just fell below $1.10 against the US dollar for the first time since September 2003.
European Central Bank president Mario Draghi held a press conference, outlining the quantitative easing programme due to begin on March 9. The bank also announced it will keep interest rates unchanged in March as expected.
As Draghi spoke, the euro weakened, and just after noon on Thursday in New York the currency hit a fresh low against the dollar.
US stocks, meanwhile, were higher on Thursday afternoon with the Dow up 47 points, the S&P 500 up 3 points, and the Nasdaq up 18 points.
The yield on Germany's 10-year bund rose to as high as 35 basis points, up almost 11%.
In the US, factory orders declined in January for a sixth straight month, falling 0.2% versus the consensus of a 0.2% gain.
Initial jobless claims rose to 320,000 last week from 313,000 the prior week, missing the expectation of a decline to 295,000.
Here's a chart of the euro.
See the latest EUR-USD movements here.
