In European trading, the euro rose against the US Dollar, trading above the 1.0430 mark.
The EUR/USD currency pair has recovered during the European trading session, after a morning retreat following lower than expected PPI inflation data from Germany. In Europe, German PPI data for January was posted with data lower than expected (0.6% expected vs -0.1% realised). In the US, Initial Jobless Claims (214k expected) and Fed Philadelphia Fed Manufacturing Index data for February (19.4 exp) will be released (13:30 GMT).