Euro rises after upbeat economic data

Euro rose against the US dollar on Friday, lifted by the release of positive economic data in several European countries.

Data showed the French consumer price index rose 1.2% last month, beating forecasts of 0.0%.

The French GDP reading showed growth by 18.7% during the third quarter, also higher than forecasts of 18.2%.

Additionally, the German import prices index rose 0.3% during October, higher than forecasts of 0.1%.

Otherwise, countries of the old continent, led by the United Kingdom and France, are preparing to ease their lockdown restrictions that were imposed due to the recent spike in coronavirus infections, in tandem with the Christmas season.

As of 18:58 GMT, EUR/USD rose 0.3% to 1.1956, after hitting today's high at 1.1963 and the low at 1.1908.