EUR/USD settles higher for first session in three

EUR/USD tilted higher in Asian trade off May 2017 lows on track for the first weekly profit in three, ahead of US and euro zone data later today. 

As of 04:22 GMT, EUR/USD rose 0.10% to 1.1207, with a session-high at 1.1209, and a low at 1.1194. 

Markets await Spanish services PMI data, expected up to 50.4 from 48.9, while the euro zone's consumer prices are estimated up 1.6% from 1.4% in March. 

Now investors await US data with the unemployment rate expected flat at 3.8%, while average hourly earnings are expected up 0.3%. 

Payrolls are expected up 181 thousand, compared to a 196K increase in March. 

US ISM services PMI is estimated at 52.9, down from 55.3 in March. 

Federal Reserve Bank of Chicago President Charles Evans is due Due to speak at the National Association for Business Economics International Symposium, in Stockholm, while Federal Reserve Bank of New York President John Williams is due to deliver a speech titled "Tying Down the Anchor: Monetary Policy Rules and the Lower Bound on Interest Rates" at Stanford University, in California. 

The Federal Open Market Committee voted to hold rates below 2.50% for the third meeting in a row as Fed Chair Jerome Powell asserted patience on rate hikes for the coming period. 

Powell pointed to the continued strength of the economy and labor market, while noting inflation remains below targets, with no current need to either hike or cut rates.