In European trading, the euro fell against the US Dollar, trading below the 1.1380 mark.
The EUR/USD currency has retreated in the European market, ahead of the interest rate decision by the ECB. In Europe, the European Central Bank will meet to set interest rates (cut of 0.25% expected) at 13:15 GMT+1. In the US, Philadelphia Fed Manufacturing Index data for April (2.8% exp) will be released and Initial Jobless Claims (225 k exp) at 13:30 GMT+1.