Bets for interest rate cuts in June by the Fed and ECB helped the pair.
Investors expect the ECB to keep its rate unchanged next week. EUR/USD maintained the positive streak in the weekly chart. EUR/USD managed to clinch its second consecutive week of gains despite a lacklustre price action in the first half of the week, where the European currency slipped back below the 1.0800 key support against the US Dollar .
In addition, Vice President Luis de Guindos indicated that if new data confirm the recent assessment, the ECB's Governing Council will adjust its monetary policy accordingly. European data paint a mixed outlook In the meantime, final Manufacturing PMIs in both Germany and the broader Eurozone showed the sector still appears mired in the contraction territory , while the job report in Germany came in below consensus and the unemployment rate in the Eurozone ticked lower in January.
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