Euro falls off early October highs versus dollar

Economies.com
2018-10-12 17:10PM UTC

Euro fell in American trade away from Early October highs against the greenback, while still heading for the first weekly loss in three, following earlier data from the euro zone and the US today. 

 

As of 04:58 GMT, EUR/USD shed 0.25% to 1.1564, with an intraday low at 1.1535, and the highest since early October at 1.1610. 

 

Earlier German data showed consumer prices rose 0.4%, up from 0.1% in August, while industrial output for whole euro zone rose 1.0%, compared to a 0.7% drop in July, and beating estimates of 0.4%. 

 

Otherwise, earlier US data showed import prices rose 0.5%, compared to a 0.4% drop in August, while University of Michigan released the preliminary reading for its consumer sentiment survey, which came at 99 in October, down from 100.1 in September, and missing estimates of 100.4. 

 

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