In European trading, the euro rose against the US Dollar, trading above the 1.0260 mark.
The currency pair is regaining ground lost in yesterday’s session, after hitting a more than two year low after policy makers at the ECB warned against lowering interest rates too swiftly in 2025, given persistent core inflation. In Europe ECB’s Lane has spoken. In the US, Producer Price Index data for December (0.4% expected) will be released (13:30 GMT).