The euro that edged lower against its major counterparts immediately following the release of a downbeat German jobless data at 3:55 am ET recovered some of its losses shortly thereafter.
The common currency climbed to 1.2882 against the dollar, up by more than 0.30 percent from a session's low of 1.2837. The euro snapped back above the 131.0 level against the yen by this time from previous low of 130.70.
The European shared currency also inched higher to 0.8554 against the pound and 1.2524 against the Swiss franc around 4:20 am ET from previous lows of 0.8540 and 1.2502, respectively.
The number of unemployed in Germany rose more than expected in May, the latest figures from the Labor Ministry showed today. Unemployment rose by 21,000 in May from April, while economists had forecast an increase of just 5,000. In April, the number of unemployed rose by 6,000 month-on-month.
