Euro falls off early October highs versus dollar

Economies.com
2018-10-22 16:05PM UTC

Euro fell off early October highs for the fourth session out of five against the dollar after the German Bundesbank released its monthly economic report while investors look for the EU's official response to the Italian budget.  

 

As of 03:55 GMT, EUR/USD fell 0.41% to 1.1467, with an intraday low at 1.1462, and a high at 1.1550. 

 

The Bundesbank's monthly report noted that Germany's growth rate halted in the third quarter, but the fundamentals favor a return to growth in the current quarter. 

 

Otherwise, Italian prime minister Giuseppe Conte stated earlier the EU has refused its budget even before receiving it, which is considered a bias against Italy in his opinion, an unacceptable one as he put it. 

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