The euro is the best performing major currency on the day
EUR/USD now touches a session high of 1.1827, extending gains after surpassing the 1.1800 figure level. The euro remains underpinned as yields are higher alongside positive/hawkish expectations ahead of next week's ECB meeting.
It all started with the comments by ECB officials yesterday, which gave the pair a much needed lift above 1.1750 before moving higher on the day.
Right now, the backdrop for the euro is all about the ECB meeting next week and as mentioned yesterday, the market will start to factor in more upbeat economic projections by the ECB as well as a possible announcement for QE end and that will keep the euro underpinned still.