Western Union:
The euro was steady ahead of America's jobs report and on pace for a solid multi-cent gain on the week amid signs of improving momentum in the bloc's economy. Inflation is back in the black and unemployment, albeit still high above 11%, ticked lower.
The region's improving economy has sparked a ferocious spike in government bond yields which has made the single currency a more enticing bet. The euro isn't out of the woods, though, and could descend anew if the situation with Greece should remain at an impasse and heighten the risk of default and Greece's exit from the currency union.
