EUR review

Western Union:

The euro pared its decline on the week against the greenback on caution ahead of today's Fed minutes that might offer guidance on the outlook for U.S. interest rates. 

Recent reports from the euro zone have hinted at a broadening economic recovery. But that wasn't the case today in February data showing a surprise 0.9 percent fall in German industrial orders, the second decline in as many months, and a modest 0.2 percent drop in euro zone retail sales. The lackluster data suggests buoyancy would remain a struggle for the euro.