- EUR/USD picks up around 1.2140.
- The risk sentiment rises on Friday.
- German GDP 0.1% QoQ in Q4.
EUR/USD rises towards 1.2140 a daily high on Friday.
EUR/USD focuses on risk trends & data
EUR/USD builds on Thursday’s gains rebounding from sub-1.2100 and looks towards1.2180/90.
The rise in risk appetite weighs on the dollar boosting demand for the Euro.
German preliminary GDP figures showed the economy is expected to have expanded 0.1% quarter on quarter in Q4 and contracted 2.9% on a yearly basis. German Unemployment Change shrunk by 41K in January and the jobless rate remained at 6.0% vs. beating forecasts of a rise to 6.1%.
US Personal Income/Spending, Pending Home Sales and the final gauge of the U-Michigan index for the month of January.