The euro rose slightly against the dollar on Wednesday while the yuan hit its strongest level in over a year, as China's aggressive stimulus package provided the latest shot in the arm for risk appetite.

China: Week's second stimulus shot boosts markets. The China stock rally returned as Beijing announced more measures to revive the world's second-largest economy, including cash h

Stock markets in China and Hong Kong jumped on Thursday, led by gains in the embattled property sector, as Beijing pledged more policy measures to spur growth just days after announcing big rate cuts and funding for the markets.

China's yuan hit a 16-month high against the U.S. dollar on Tuesday, after the central bank of the world's second-largest economy revealed new stimulus measures, while the greenback extended declines against other major currencies after soft data on the consumer.