Euro gains ground versus dollar after data

Euro tilted higher in American trade against the greenback away from the lowest since August 17, following an array of data from the euro zone, and after Federal Open Market Committee member Jerome Powel's speech about regulatory reform at a financial regulation event jointly hosted by Reuters and George Washington University, in Washington DC.

As of 05:06 GMT, EUR/USD rose 0.22% to 1.1759 from the opening of 1.1733, with an intraday high at 1.1773, and a seven-week low at 1.1696. 

Earlier data from Spain, the euro zone's fourth largest economy, showed the unemployment change rose 27.9 thousand in September, compared to a 46.4K rise in August, while analysts expected a 21.3K addition, as producer prices for the whole region rose 0.3%, compared to no-change in the previous reading, and besting expectations of a 0.1% rise. 

On a yearly basis, producer prices accelerated to 2.5% from 2.0% in August, besting expectations of 2.3%, after the head of the European Commission Jean-Claude Juncker stated earlier that there hasn't been any serious developments in Brexit negotiations, adding that he can't talk about the second phase of the negotiations currently. 

Otherwise, markets await European Central Bank president Mario Draghi's policy speech in Frankfort, Germany tomorrow, followed closely by Federal Reserve Chair Janet Yellen's speech at a community banking conference hosted by the Federal Reserve Bank of St. Louis.