In Asian trading, the euro rose against the US Dollar, trading above the 1.0400 mark.
The EUR/USD currency pair moved to a more than one week high this morning as the dollar retreated, despite higher than expected US inflation data yesterday, decreasing the possibility of multiple rate cuts from the Fed this year. In Europe German CPI inflation for January (-0.2% expected) will be posted (07:00 GMT). In the US, PPI Inflation figures for January (0.3% expected) (13:30 GMT) and Initial Jobless Claims data (217k exp) will be posted (13:30 GMT).