Euro gains ground versus dollar before Fed's decisions

Euro tilted higher in American trade versus the dollar, following a spate of data from the euro zone and the US, while the FOMC meeting draws to an end in Washington, and as markers look forward to the European Central Bank's meeting on Thursday.  

As of 05:19 GMT, EUR/USD rose 0.19% to 1.1764 from the opening of 1.1742, with a session-high at 1.1771, and a low at 1.1730. 

Earlier German data showed consumer prices grew 0.3% in line with expectations, up from no change in October, while wholesale prices rose 0.5% in October, slowing down from 0.6% in September. 

Otherwise, US consumer prices rose 0.4% in November in line with expectations, up from 0.1% in October, while core prices, excluding food and fuel, rose 0.1%, missing expectations of 0.2%. 

On a yearly basis, consumer prices accelerated to 2.2% as expected from 2.0% in October, while core prices slowed down to 1.7% from 1.8%. 

Now markets look forward to US President Donald Trump's speech on tax reforms in the US Treasury Department in Washington, while the Federal Open Market Committee's last 2017 meeting draws to an end today, with policymakers expected to unveil their three-year forecasts for inflation, growth, unemployment, and interest rates, while also expected to hike rates by 25 basis points for the third time this year.