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The euro was stable on Thursday after signs of strength in China improved the outlook for the global economy, as the market moved closer to European indicators to give the currency a new impetus.
The euro hardly changed to 1.1293 dollar, after gaining 0.1% the day before.
The single currency has steadily recovered after the trough of 1,1183 dollar reached early April.
The euro was lifted after Wednesday's data showed that the Chinese economy had grown at a brisk pace of 6.4% in the first quarter, defying any expectation of a slowdown, as industrial production increased. and that consumer demand showed signs of improvement.
"The recovery of the Chinese economy is also good news for the German economy and therefore for the euro," said Junichi Ishikawa, chief foreign exchange strategist at IG Securities in Tokyo.
"The continued rise in government bond yields with" risk "is a key factor in supporting the euro," he said.
The yield on the 10-year German Bund reached a one-month high of 0.10% overnight, after a sharp rally after a 2½-year low of less than 0.094% at the end of the month. March.
Bund yields fell in March as worries about slowing global growth took hold of the overall market. Investors are now looking at Chinese and European economic data for signs that the global economy is performing better than expected.
"The data from China is paving the way for the euro, which must be followed in the form of strong indicators of the euro area," said Ishikawa at IG Securities.
The Purchasing Managers' Indexes (PMI) of the manufacturing and services sectors in Europe, due to be released on Thursday, will be the next indicator of the strength of the European economy.
"It is hard to imagine that the eurozone economy is deteriorating as a result of their recent weakness and such views help participants slowly adopt the euro," said Daisuke Karakama, Chief Market Economist at Mizuho Bank in Tokyo.
"The euro zone SMIs expected today will attract a lot of attention," he said.
The dollar index versus a basket of six major currencies was almost stable at 97.051, following a decline of 0.05% the previous day.
The US currency edged down 0.1% to 111.955 yen after briefly touching a peak of 112.17.11 months on Wednesday after a rebound in US Treasury yields at a new high of one month.
Commodity currencies fell after crude oil prices dried up.
The Canadian dollar was established at C $ 1.3351 per dollar, after sinking to a one-month high of $ 1.3275 Cdn, touched on Wednesday.
The Australian dollar was at $ 0.7179.
The currency briefly climbed to $ 0.7200, with Australian job growth in March exceeding expectations.
But the Australian has not been able to support the rise, as Thursday's data was not entirely optimistic, which shows that the country's unemployment rate rose in March.
Earlier this year, the Reserve Bank of Austria opened the door to a possible reduction of interest rates and working conditions are under surveillance for a potential impact on monetary policy.
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