Euro jumps to five-week high

Euro rose on Thursday to a five-week high as the dollar gave up ground, while the European Central Bank's meeting minutes offered some support by showcasing the increased policymaker's interest in inflation rates, with forecasts of higher energy prices.
 
EUR/USD last traded at 1.0655, up from the opening of 1.0594, with an intraday high at 1.0688, and a low at 1.0572.
 
Euro's surge comes after the dollar tumbled to a five-week trough against main currencies following U.S. President-elect Donald Trump's speech yesterday, which disappointed the markets and hurt the greenback.
 
The ECB's last meeting minutes showed interest in inflation rates and forecast a rise in energy prices after global production levels are reduced, which buoyed the euro today.
 
The euro wavered yesterday after Bank of England Governor Mark Carney's warning of the negative effects on the Eurozone from Britain's exit from the European Union due to the strength of the British financial services industry.