The euro continued to rise by recording its latest high of more than two years supported by the weakness of the US dollar before slightly easing its gains early in the European trading session.
The final report of the manufacturing and services PMI data in the European Zone slightly disappointed the market after recording mixed readings resulting in relatively limited movement of the euro.
However, the currency remained strong around the 1.21000 price level against the USD following market optimism over the Covid-19 vaccine and fiscal stimulus measures to be launched in the United States.
Meanwhile, the pound traded positively above the 1.34000 price against the US dollar after recording a sharp fall on Wednesday, making the market look forward to the latest developments in the Brexit negotiations.
UK and European Union (EU) consultants will reportedly explain current developments either today or tomorrow, depending on how negotiations take place in London in the next few hours.
Meanwhile, Irish Foreign Minister Simon Coveney expressed his confidence that an agreement between the two sides would be reached.
In addition, the dollar index, which measures the strength of the greenback dollar against a basket of major currencies, continued to trade weakly at 91.02.
