Euro edges down vs. dollar

Economies.com
2017-06-05 15:49PM UTC

Euro gave up ground against the dollar on Monday but remained within sight of a seven-month high, following earlier data from the euro zone and the US, the world's largest economy. 

 

As of 04:30 GMT, EUR/USD rose 0.24% to 1.1252 from the opening of 1.1277, with an intraday low at 1.1234, and a high at 1.1284. 

 

Earlier euro zone data showed the the services PMI up in Germany and down in France, while rising in both Italy and Spain past expectations, as the final services PMI reading for the whole euro zone rose to 56.3 from 56.2 in the first reading. 

 

Otherwise from the US, earlier data showed labor productivity unchanged in the first quarter, while labor costs rose by 2.2% in the same quarter, missing expectations, as factory orders fell in April in line with forecasts.. and finally, the services PMI slowed down more than expected in May. 

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