Euro rose in Asian trade off June 3 lows against the dollar ahead of European and US data today while investors assess the continuing spread of the coronavirus, especially in the US. 

As of 05:26 GMT, EUR/USD rose 0.22% to 1.1248, with an intraday high at 1.1249. 

From Germany, consumer prices are expected up 0.3% in June, while Spain's prices are expected down 0.9%. 

From the US, pending home sales are expected down 15% in May, while markets await testimonies by Fed Chair Jerome Powell and US Treasury Secretary Steven Mnuchin on Wednesday ahead of Parliament. 

According to latest World Health Organization data, 10.1 million people worldwide have contracted Covid 90 with the death toll standing at over half a million. 

The WHO warned the virus hasn't reached its peak yet with the spread continuing despite slowing down in Europe.. while asserting the world shouldn't come back to the way it was after the pandemic in regard to the environment and climate change and other natural challenges. 

US stock indices opened Friday 1% lower under pressure from the banking sector and new restrictions by the Fed after some banks failed the pressure test last Thursday. 

The Federal Reserve allowed banks to suspend dividends for the third quarter and for further quarters if needed. 

Regulators have expressed previously interest in lifting some restrictions put on the banking sector following the world financial crisis in 2008. 

Uncertainty spreads over a second coronavirus wave as infections spike anew, while the World Health Organization warned the peak hasn't been reached yet. 

Dow Jones opened 1.6% lower to 25,336, while NASDAQ shed 1.5% to 9,870, as S&P 500 tumbled 1.3% to 3,043. 

Dollar gained ground in European trade against a basket of major rivals for the third straight session amid mounting risks in the market and ahead of US data on consumer spending. 

The dollar index rose 0.1% top 97.48, after closing up 0.2% yesterday, the second profit in a row after weak data that drove up haven demand. 

The greenback remains a favorite for investors in times of distress even as the US economy weakens. 

The US recorded a new record high of new Covid 19 cases yesterday, while the International Monetary Fund released some grim GDP forecasts for the US and the world for 2020. 

From the US, personal spending is expected up 8.9% in May, while personal income is expected down 6%, compared to a 10.5% increase in April. 

The final reading of the University of Michigan consumer sentiment survey is expected up slightly to 79.1 from 78.9. 

Oil prices rose in European trade for another session on hopes for a strong recovery for global demand and amid steps to relax strict Covid 19 quarantine measures. 

US crude rose 0.55% to $39.28 a barrel, while Brent climbed 0.7% to $41.68 a barrel. 

US crude marked a 2.7% profit yesterday, the first three days away from week lows at $37.10, while Brent added 2.9%. 

Satellite images showed strong traffic rebound in China, the US, and Europe after the Covid-19 led slump for months, while international air travel is resuming operations as well. 

Global demand tumbled over 30 million barrels, or 30% due to the Great Closure that was forced on the global economy due to the coronavirus pandemic. 

However in the US, official data showed crude inventories hit a new record high while output rose for the first time in three months, raising concerns of another supply glut.