In European trading, the euro rose against the US Dollar, trading above the 1.0480 mark.
The EUR/USD currency pair inched higher during the European trading session, following the security conference in Munich and increased odds of a peace in Ukraine. In Europe, Trade Balance figures for December were posted today (15.5B vs 14.4B exp). In the US, Fed Members Harker and Bowman will speak (14:30 and 15.20 GMT respectively).