The euro remained near recently-seen highs against the dollar and yen amid increased risk appetite for the higher yielding currency with the global economy starting to show some improvement.
The euro was little-changed with the U.S. dollar, lingering near 1.3550 in mid-day trading. The single currency hit a multi-month high of 1.3735 last week.
A Commerce Department report showed that fourth quarter gross domestic product fell by a revised 6.3 percent, compared to the preliminary estimate of a 6.2 percent decrease. Economists had been expecting GDP to be revised to show a somewhat steeper 6.6 percent contraction.
The U.S. Labor Department announced initial jobless claims rose to 652,000 for the week ended March 20th, compared to the previous week's level of 644,000. Meanwhile, people continuing to collect unemployment rose to 5.56 million in the most recent data, compared to the previous mark of 5.438 million.
The European currency climbed off of a 10-day low against the British pound and moved near 0.9350 in mid-day trading. The euro hit as low as 0.9157 earlier this week.
In a report, the Office for National Statistics said UK retail sales volume recorded an annual increase of 0.4% in February, which was the weakest growth since September 1995. Annual growth stood much below 2.5% rise expected by economists.
The euro remained climbed to a two-day high of 133.91 versus the yen, recovering most of yesterday's losses. The single currency hit a five-month high of 134.50 earlier this week.
Eurozone M3 money supply rose 5.9% on a yearly basis in February, a report from the European Central Bank showed Thursday. Annual growth slowed from January's 6% increase. However, the growth rate stood above 5.5% rise expected by economists. In a note, Commerzbank analyst Michael Schubert said the recession in the euro area again reflected in the monetary data.
Meanwhile, European Central Bank Vice President Lucas Papademos said the ECB may extend of the maturity of liquidity provided to banks and purchase private debt securities in the secondary market.
German consumer confidence index is forecasting a value of 2.4 points for April, down from a revised 2.5 points reported in March, a survey conducted by the GfK market research group showed Thursday. Economists were expecting a reading of 2.5 for April.
Rating agency Fitch confirmed Germany's long-term foreign and local currency Issuer Default Rating at 'AAA' and gave a stable outlook for both the ratings.
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