In European trading, the euro rose against the US Dollar, trading above the 1.0800 mark.
The EUR/USD currency pair has soared in the European session, as optimism still lingered over Germany’s new spending decision and ahead of the ECB interest rate decision today. In Europe, the European Central Bank will meet to set interest rates (cut of 25 basis points, to 2.65% exp) at 13:15 GMT. In the US, Initial Jobless Claims (234,000 exp) will be posted (13:30 GMT).