Switzerland UBS Consumption Indicator climbed from previous 1.25 to 1.73 in May

The shared currency snapped its side-trend and climbed higher versus the US dollar in the early European trades, lifting EUR/USD to fresh session highs just shy of 1.12 handle. The European currency extends gains, correct heavy losses from Tuesday. While, a US dollar retreat from two-week highs versus its major competitors also drove the major higher.