The European currency rose to session highs against the Dollar after the German ZEW Institute's April economic sentiment index came in above forecasted levels. The brighter Euro Zone data followed UK consumer price inflation, which came in at a higher than expected 3.4 percent in March, compared with forecasts of 3.2 percent, and underpinned the British pound.

The EUR hovered near the day's high of $1.3522, up 0.2% for the day. The single currency also got a mild boost after strong investor demand at a 1.5 billion euro sale of Greek 13-week T-bills, which showed a bid-to-cover ratio of 4.6.

At the same time, traders remained wary of chasing up the EUR on concerns about highly-indebted Greece. The single currency fell earlier after European Central Bank Governing Council member Axel Weber said Greece may require assistance of up to 80 billion euros to avoid default.