Euro rises against dollar for fourth session in row

Euro rose against the dollar in American trade away from early March lows for the fourth straight session, following earlier data from the US, and amid a lack thereof from the euro zone, while investors now await the Federal Reserve's minutes for the March 20-21 meeting. 

As of 03:02 GMT, EUR/USD rose 0.21% to 1.2382 from the opening of 1.2356, with an intraday low at 1.2351, and the highest since March 28 at 1.2396. 

European Central Bank President Mario Draghi spoke at the Generation €uro Students’ Award Ceremony, in Frankfurt, where called for more economic integration to face challenges, while expressing confidence in inflation reaching the 2% target. 

Draghi noted that wages and inflation will rise alongside economic growth and improvement, while warning from vengeful acts in the US trade tariffs dispute. 

Otherwise, earlier US data showed consumer prices fell 0.1% m/m in March, compared to a 0.2% rise in February while missing expectations of no-change, as core prices rose 0.2% in line with expectations in March. 

On a yearly basis, US consumer prices rose 2.4% as expected, up from 2.2% in February, while core prices rose 2.1% with no change, matching expectations.