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Euro Retreats Ahead Of ECB Minutes

At 7:30 am ET Thursday, the European Central Bank publishes the account of the monetary policy meeting of the Governing Council held on March 10-11.

Ahead of the release, the euro retreated from its early highs against its major rivals.

The euro was worth 129.77 against the yen, 1.1873 against the greenback, 0.8637 against the pound and 1.1011 against the franc as of 7:25 am ET.

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First quarter growth data from China gained the maximum focus this week as trends in the massive emerging economy impact its trading partners. Elsewhere, the IMF released its latest global macroeconomic projections. Read our story to find out why comments from the Fed Chair Powell damped rate cut expectations. Meanwhile, there was some survey data that kindled hopes of a recovery in manufacturing. In the U.K., inflation data for March revealed some confusing trends.

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