Can the Euro withstand pressure from Friday's US NFP release after retreating from a one-month high? - www.tmgm.com

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The Euro has weakened as the Dollar recoups some of Wednesday's losses, despite eurozone producer prices rising 11.1% year-on-year in September. European Central Bank (ECB) President Lagarde said incoming data between now and December will determine a rate hike. After climbing to just below 1.1300 on Wednesday, its strongest level since early October, EUR/USD now trades marginally above 1.1200. Speaking in Milan, ECB President Lagarde attributed most of October's eurozone inflation to energy, after the rate hit a three-year high of 4%. While cautioning against wielding the interest-rate tool like a hammer, she said the ECB must still use it to prevent expectations from spiralling.