The euro traded near the $1.19 level, on track for a modest 0.4% weekly gain against the US dollar and remaining close to the four-year high above $1.20 reached in late January. The single currency has been supported by indications that the ECB is largely untroubled by its recent appreciation, alongside mixed economic signals from the US. ECB President Christine Lagarde said last week that the euro area’s inflation outlook is in a “good place,” while warning against overreacting to short-term or volatile data releases. The currency also drew support from reports that Bank of France Governor Fran