In European trading, the euro rose against the US Dollar, trading just below the 1.0500 mark.
The EUR/USD traded broadly in a range this morning following mixed data from Europe. In Europe, German Business Expectations were released showing better than expected results (87,2 vs 87 expected), however German Ifo Business Climate Index underperformed (85.7 vs 86.1 expected). In the United States, Chicago Fed National Activity for October (-0.28 exp) will be published (13:30 GMT).