Euro settles higher versus dollar after Draghi's speech

Euro tilted higher in American trade after European Central Bank Mario Draghi's speech in Berlin today, and after US housing data. 

As of 03:11 GMT, EUR/USD barely rose to 1.1669, with an intraday high at 1.1715, and a low at 1.1650. 

European Central Bank President Mario Draghi spoke today about the future of economic policy in the euro area at a conference hosted by the Jacques Delors Institute, Bertelsmann Stiftung, and the Hertie School of Governance, in Berlin, where he asserted the importance of "advancing the debate of European integration forward", and supporting the monetary union in order to to widen reforms. 

Draghi touched on what he considered the most pressing issues facing the union currently, such as youth unemployment and bolstering social coverage for the sick, aged, and unemployed, through restoring growth and "respecting shared European values".  

Otherwise, earlier US data showed housing starts surged 9.2% to an annualized 1.282 million units in August, compared to a 0.3% dip in July to 1.174 million, beating estimates of a 5.7% increase. 

Conversely, building permits fell 5.7% last month to 1.229 million, compared to a 0.9% increase in July to 1.303 million, while analysts expected a 0.5% increase to 1.310 million, as the current account deficit shrank to $101 billion from $122 billion in the first quarter.