In Asian trading, the euro rose against the US Dollar, trading above the 1.0460 mark.
The EUR/USD currency pair inched higher during the Asian session, following the security conference in Munich and increased odds of a peace in Ukraine. In Europe, Trade Balance figures for December (14.4 expected) will be posted (10:00 GMT). In the US, Fed Members Harker and Bowman will speak (14:30 and 15.20 GMT respectively).