Euro rebounds from six-week trough against dollar

Euro rose in American trade away from August 20 lows versus the greenback, following earlier US labor data and amid a lack thereof from the euro zone. 

As of 03:31 GMT, EUR/USD rose 0.30% to 1.1512, with an intraday high at 1.1543, and a six-week low at 1.1464. 

European Central Bank member Olli Rehn said in earlier remarks that market expectations for a rate hike is similar to the view of policymakers, adding that as inflation returns to 2% and growth strengthens, the monetary policy is expected to return back to normal standards. 

 Otherwise, earlier US data showed unemployment claims fell 8 thousand in the week ending September 29 to 207 thousand, while continuing claims fell 13 thousand to 1.650 million in the week ending September 22. 

Federal Reserve Governor Randal Quarles spoke about trends in community banks at the Community Banking in the 21st Century conference at the Federal Reserve Bank of St. Louis.