Investing.com – The euro rose against the U.S. dollar during European midday trade on Wednesday, hitting a daily high at 1.3625 in the wake of mixed economic data in Europe and modest gains on the continent's stock markets.
EUR/USD subsequently consolidated around 1.3614, gaining 0.1%.
The pair was likely to find resistance at 1.3839, the high of Feb. 9, and support at 1.3434, last Tuesday's low and a 9-month low.
The single European currency also surged against sterling, with EUR/GBP jumping 0.6% to reach 0.9124.
Earlier in the day, official data showed that while Germany's CPI rose unexpectedly in February – by 0.4% compared with 0.2% in January – the country's trade surplus shrunk in January to EUR 8.7 billion from EUR 16.7 billion in December, defying forecasts.