The European Central Bank said it did not buy bonds last week which was a bullish signal for the market to take the euro higher on signs of normalization in the market and that the ECB's LTRO are taking effect.

The ECB said today that it settled no bond purchases last week as part of the Securities Markets Program (SMP) after purchasing 27 million euros of assets the previous week.

The EUR/USD jumped to session highs on the news at $1.3242 after trading as low as $1.3142 and currently stable above $1.32 areas at $1.3234 areas.