The euro climbed against the dollar on Friday, hitting a five-week high following the latest economic data. The Eurozone's private sector returned to growth in January, according to a preliminary PMI report. Although manufacturing remains in contraction, it is moving toward a recovery, led by an unexpected jump in German business activity.
The euro traded 0.90% higher against the dollar and sold for 1.05125 at 10:23 am CET. It also gained 0.27% against the pound a minute later and went for 0.84541.
