Since Thursday morning, the euro has risen by about one cent. Recently, the currency benefited from a general weakness in the dollar following disappointing US economic results. On Thursday, it was also announced that the US economy contracted more than forecast over the winter.
In addition, the euro was given a boost this week by the prospect of a rate hike by the European Central Bank. After long reluctance, ECB President Christine Lagarde said that an interest rate reversal is possible in July.
