The euro was up 0.38% at $1.0596 at 07:30 ET, off a high of $1.0615. The dollar index was off 0.25% at 101.36. The euro EURUSD, +0.0188% rose to $1.0637 late Monday in New York versus $1.0564.
On Friday, the euro traded close to its lowest levels of 2016 at nearly $1.0551, and sinking 1.1% for the week. The fall was triggered by a surprise announcement from the European Central Bank that it would extend bond buys, but scale back the amount.
The yield on the Bond hit a high of 0.422% as investors took the view higher oil prices will help reflate the euro-zone economy.
The ECB last week prolonged its QE program to the end of next year but reduced the amount of monthly purchases.
