Image © Adobe Images The Euro is supported by upbeat Eurozone sentiment data and hawkish statements from European Central Bank (ECB) policymakers. The Euro to Dollar exchange rate defends the 1.07 marker ahead of the weekend, despite an attempted rally by the U.S. Dollar on Thursday following the release of hot U.S. consumer spending numbers. "The euro managed to hold above $1.07, a 2-week high, despite heightened intraday volatility threatening to extinguish recovery momentum as the latest US data reinforced the belief that the Fed will keep rates higher for longer. Upbeat Eurozone sentiment data and hawkish statements from ECB policymakers kept the common currency supported," says Ruta Prieskienyte, FX Strategist at Convera. That the Dollar could not hold the gains speaks of a fatigued USD rally and improved Eurozone sentiment, which has lowered the odds of a rapid interest rate cutting cycle at the ECB. Foreign exchange markets are fully expectant of a June interest rate c...