The euro has returned to old glories, albeit perhaps momentarily, as it sustains a week-long rally against the dollar matching its best performance since April 2011 before the speech of European Central Bank President Mario Draghi speaks in the European Union parliament today.

Data scheduled for today are expected to show an upturn in the industrial production of the euro-area and positive sentiment kept the currency trading near a six-week high. U.S. data, however, are also expected to show growth and the greenback ended a two-day decline against the yes as investors consider the possible impact of next week’s Federal Reserve meeting.

The euro remained fairly stable at $1.3784 yesterday and touched $1.3877, its strongest level since 29th October. The seven-day advanced matched its longest streak since an eight-day gain in April 2011.

The ECB refrained form changing interest-rates targets this month and President Draghi, who speaks at the European Parliament today, noted two days ago that it’s “crucial” for “other actors” to support the central bank’s monetary policy actions by effecting appropriate changes at the regional and national level for a sustainable recovery.

“The ECB, like all central banks, should not try to do what they cannot do and one of these is to supplement governments for structural reform action or repair broken banking systems,” he said in Rome.