Euro drives past 1.18 against dollar for second session

Euro rose for the fourth straight session away from the lowest since August 17 against the dollar, following earlier data and developments from the US, and amid a lack thereof from the euro zone, as markets await the Federal Open Market Committee's meeting minutes later today. 

As of 03:58 GMT, EUR/USD rose 0.30% to 1.1844 from the opening of 1.1808, with an intraday low at 1.1795, and the highest since September 26 at 1.1858.

On Tuesday, Federal Reserve Bank of Dallas President Robert Kaplan spoke about economic outlook at the Stanford Institute for Economic Policy Research, where he noted that the option of raising interest rates in the next meetings is still on the table, adding that waiting too long before hiking overnight rates could raise the chances of economic recession.  

Earlier US data showed the JOLTS job openings down to 6.08 million jobs from 6.14M in July, missing expectations of 6.13M, as markets look forward to the FOMC's minutes for the September meeting, at which policymakers voted to hold interest rates unchanged at between one percent and 1.2% for the second session, while paving the way for normalizing the balance sheet by October. 

Investors also await European Central Bank president Mario Draghi's speech tomorrow, and Federal Reserve Chair Janet Yellen's speech on Sunday on economy and monetary policy in Washington DC.