TOKYO, April 27 (Reuters) - The euro hovered near a one-year high versus the dollar on Thursday, as Europe's resilient economy contrasted with banking contagion risks in the United States, the debt ceiling standoff and a potential recession.
Europe's single currency ticked up 0.05% to $1.10415, edging back toward the overnight peak at $1.1096, the highest since April of last year.
IG analyst Tony Sycamore also sees risks skewed to the downside for the euro against the dollar.
IG's Sycamore says the initial strength was driven by U.S. banking concerns, but the market was "apparently spooked by a large sell order."
Provided bitcoin can remain above $25,000, Sycamore expects the token to test this month's high at $31,035.