Euro falls off four-month high against dollar

Euro tilted lower in American trade away from June 14 highs against the greenback, following earlier data from the euro zone and the US today. 

As of 03:58 GMT, EUR/USD slipped 0.05% to 1.1508, with an intraday low at 1.1484, and a high at 1.1550. 

Earlier German data showed producer prices rose 0.3% in August, up from 0.2%, while accelerating to 3.1% y/y from 3.0%. 

German factory orders rose 2.0%, compared to a 0.9% drop in July, while French government budget deficit widened to €97.3 billion from €82.8 billion. 

French trade deficit widened as well to €5.6 billion from €3.4 billion, while Italian retail sales rose 0.7%, compared to no change in July and beating estimates of 0.2%. 

European Commission President Jean Claude Juncker warned that failing to reach a Brexit deal with Britain could be catastrophic for both sides, expressing hopes to reach such a deal in November. 

US Labor, Trade Data 

Earlier US data showed the unemployment rate fell to 3.7% near 49 year lows from 3.9%, while averages wages rose 0.3% as expected. 

The economy created 134 thousand new jobs last month, down from 270 thousand in August, and below estimates of 185K, as the trade deficit widened to $53.2 billion from $50.0 billion, barely below estimates of $53.4 billion.