Euro climbs to weekly highs near 1.1150 prior to ECB

Share:

• Euro gather extra pace and reaches 1.1150 against the US Dollar.
• Stocks in Europe extend the decent advance on Thursday.
• EUR/USD rises to multi-day peaks past the 1.1100 hurdle.
• Germany’s Consumer Confidence improved marginally in August.
• The ECB is expected to hike rates by 25 bps later in the session.
• Flash Q2 GDP takes centre stage in the US calendar.

The Euro (EUR) adds to the optimism seen on Wednesday against the US Dollar (USD) and lifts EUR/USD to the area of weekly highs well north of 1.1100 on Thursday.