Euro bounced off its highest since November 9 against the dollar following earlier data from the euro zone and the U.S., the world's largest economy.
As of 04:29 GMT, EUR/USD fell to 1.1231 from the opening of 1.1237, with an intraday low at 1.1211, and a six-month high at 1.1268.
Earlier euro zone data showed the final reading for Germany's GDP growth at 0.6% in the first quarter, while the IFO business climate index rose past expectations in Germany, as the euro zone's manufacturing and services PMIs rose also more than expected in May.
German Chancellor Angela Merkel said that the common currency has become very weak because of the European Central Bank's policies, while the Greek government official spokesperson said Greece is doing all it can to reach a final solution to restructure its debts, and that the International Monetary Fund shouldn't take sides, while delaying the decision is better than making the wrong one.
The European Commission also said that Greece has done its part, as they near a final deal, while Germany's finance minister Wolfgang Schäuble said talks with the IMF have been very complicated, with differences in views about the developments of the Greek economy, asserting that Germany isn't seeking to hinder the process, but to apply the rules, expressing his hopes for a final deal by next month.
On another note, earlier U.S. data showed a sharp drop in new home sales in April, while the Richmond manufacturing index fell more than expected in May, as investors await the unveiling of the first full budget proposal by U.S. president Donald Trump, aiming at cutting government spending by $3.6 trillion and balancing the budget by the next decade.
Markets also await speeches by Federal Reserve Bank of Minneapolis President Neel Kashkari and Federal Reserve Bank of Philadelphia President Patrick Harker later today, after markets priced in a probable Fed rate hike in June meeting, and ahead of the release of Fed's minutes for the May 2-3 meeting tomorrow.