Euro barely up against dollar as the week wraps up

Euro tilted higher in American trade, heading for the first weekly profit in three against the dollar, following earlier data from the euro zone and the US, the world's largest economy. 

As of 04:39 GMT, EUR/USD rose 0.05% to 1.1836 from the opening of 1.1830, with an intraday high at 1.1875, and a low at 1.1806. 

Earlier German data showed the final reading for consumer prices up 0.1%, same as August and matching expectations, while steadying at 1.8% on a yearly basis, in line with forecasts. 

Otherwise, Deutche Bundesbank governor Jens Weidmann  said in earlier remarks that the global economy has gained more strength, and the European Central Bank will carry on its expansionary policies even after the end of the easing program. 

European Central Bank member Ardo Hansson said in other remarks that the markets understand the expansionary monetary policy, and that it's possible to be more specific about the interest rate, noting the bank might go with long-term credit operations and buy more corporate bonds instead of governmental ones. 

Moving to the Catalonian crisis in Spain, Spanish Deputy Prime Minister said earlier that the crisis in the region might force the government to cut economic growth outlook for 2018, warning that if no quick solution was reached, the government will cut the outlook. 

Otherwise, Earlier US data showed consumer prices accelerated to an eight-month high, as retail sales rose as well in September, while the UoM Consumer Sentiment survey bested expectations in October. 

Federal Reserve Bank of Chicago President Charles Evans spoke about the economy and monetary policy at the Wisconsin Summit on Financial Literacy, in Green Bay, where he mentioned that the US economy enjoy strong foundations, and noted that the pace of wage growth has accelerated compared to recent years, while still being weaker than normal. 

Evans said that a 2% inflation rate is a priority for the Federal Reserve currently, adding that recent storms weighed on the growth rate in the third quarter, while expecting the economy to rebound from the slump later, as markets now look forward to Federal Reserve Bank of Dallas President Robert Kaplan's speech about the economy and monetary policy at the Chartered Financial Analyst Institute, in Boston.