Euro on track for weekly gains on improving risk appetite

Euro rose in European trade against dollar for another session on track for a weekly profit as risk appetite surges worldwide. 

EUR/USD rose 0.1% to 1.2177, after closing up 0.45% yesterday, the third profit in four days.

Euro is up 0.9% this week against the dollar, on track for a weekly profit as investors buy up riskier currencies.

The rising sentiment comes from US President Joe Biden's stimulus plans to counter the coronavirus impact. 

Joe Biden was officially inaugurated as the 46th president of the United States after a tumultuous transition. 

Today, European data on manufacturing and services will put a spot light on performance in the first month of the year.