Euro gains ground versus dollar

Economies.com
2017-06-16 16:23PM UTC

Euro rose in American trade against the dollar following earlier data from the euro zone and the US, the world's largest economy. 

 

As of 05:15 GMT, EUR/USD rose 0.41% to 1.1191 from the opening of 1.1145, with an intraday high at 1.1200, and a low at 1.1139. 

 

Earlier data from the euro zone showed Italian trade surplus fell below expectations in April, while inflation steadies for the whole region in May, as markets now await the Euro Group meeting in Brussels. 

 

From the US, building permits and housing starts down unexpectedly in May, while the preliminary reading for the University of Michigan consumer sentiment survey fell unexpectedly in June, as Federal Reserve Bank of Dallas President Robert Kaplan is expected to speak at the Rotary Club of Park Cities, in Dallas.

 

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