Euro rebounds from one-month low against dollar

Euro rose against the dollar in American trade away from January 18 lows, following earlier data from the euro zone and the US, the world's largest economy, including speeches by European Central Bank President Mario Draghi and Federal Reserve Chair Jerome Powell. 

As of 03:49 GMT, EUR/USD rose 0.62% to 1.2368 from the opening of 1.2292, with a one-week high at 1.2371, and a session-low at 1.2285. 

Earlier French data showed private payrolls rose 0.3% in the last quarter, beating expectations of 0.2%, while Draghi said that Europe has recovered from economic recession and should focus now on improving labor conditions. 

He noted the progress achieved in man areas to prepare for any future developments, calling for more interest in Blockchain technologies, while dismissing bitcoin as not a real currency. 

Otherwise, Federal Reserve Bank of Cleveland President Loretta Mester spoke about the economic outlook and monetary policy at the Dayton Area Chamber of Commerce Government Affairs Breakfast, while the NFIB Small Business Index rose to 106.9 from 104.9 in December, beating expectations of 106.2. 

Jerome Powell said the Fed is continuing its policy tightening will remaining cautious on any risks on financial stability, adding that the global economy is recovering strongly, while the monetary policy isn't offering enough well-spread support yet for labor and inflation, even though they're quite close.