Euro falls off 38-month high versus dollar

Euro fell against the dollar for the first time in six sessions away from December 17, 2014 highs, following earlier data from the euro zone and the US, the world's largest economy. 

As of 04:44 GMT, EUR/USD fell 0.50% to 1.2444 from the opening of 1.2506, with an intraday low at 1.2429, and a 38-month high at 1.2555. 

Earlier German data showed wholesale prices rose 0.9% in January, compared to a 0.3% drop in December, and beating expectations of a 0.2% rise.

Earlier US data showed housing starts rose 9.6% to 1.326 million in January, compared to a 6.9% drop to 1.209 million in December, beating expectations of a 3.5% rise to 1.234 million units. 

Building permits rose 7.4% to 1.396 million, compared to a 0.2% dip to 1.300 million, while analysts expected a 0.7% dip to 1.290 million. 

US import prices rose 1.0% in January, up from a 0.2% rise in December, and beating forecasts of 0.6%. 

University of Michigan released its consumer sentiment survey for February, showing a rise to 99.9 from January's 95.7, beating expectations of a dip to 95.4. 

The economic conditions gauge in the same survey rose to 115.1 from 110.5 in January, while economic outlook rose to 90.2 from 86.3.