Euro falls off 38-month high against dollar

Euro fell in American trade away from December 17, 2014 highs against the dollar for the second session in three, following earlier data from the euro zone and amid a lack thereof from the US, the world's largest economy. 

As of 04:10 GMT, EUR/USD fell 0.52% to 1.2343 from the opening of 1.2407, with a session-low at 1.2320, and a high at 1.2412. 

Earlier German data showed producer prices accelerated to 0.5% in January from 0.2%, beating expectations of 0.3%, while slowing down to 2.1% y/y from 2.3%, also beating forecasts of 1.8%. 

The ZEW economic sentiment survey rose past forecasts for Germany and the euro zone, while finance ministers from the zone are meeting in Brussels to discuss various issues such as mechanisms to support euro and government funding.