The euro rose against a basket of global currencies at the European market opening on Friday, attempting to recover from a three-week low against the US dollar. However, it is on the verge of a second consecutive weekly loss amid difficult trade negotiations between the European Union and the United States.
With recent doubts growing about the possibility of a European interest rate cut at this month's European Central Bank meeting, particularly following key inflation data for June, investors are awaiting further important economic data from the eurozone.
