Federal Reserve (Fed) Board of Governors Phillip Jefferson said that future Fed moves will be driven by data and views on the economic outlook. He also added that the job market is slowly stabilizing on Friday.
Rabobank's Teeuwe Mevissen discusses the European Central Bank's recent decision to maintain interest rates unchanged at 2% for the fifth consecutive meeting.
The Euro extends its losses on Thursday as the European Central Bank held rates unchanged in an uneventful monetary policy decision. Jobs data in the United States was softer than expected fueling speculation for rate cuts by the Federal Reserve. The EUR/USD trades at 1.1777, down 0.25%.