Euro heads for third weekly loss against dollar

Euro tilted lower in American trade away from the highest since December 5 against the dollar, following a basket of data from the euro zone and the US, the world's largest economy. 

As of 05:00 GMT, EUR/USD fell 0.10% to 1.1766 from the opening of 1.1778, with a session-low at 1.1762, and a high at 1.1812. 

Earlier euro zone data showed a trade surplus of 19.0 billion euros in October, down from 25.0B in September, while German Chancellor Angela Merkel said in earlier remarks that ECB president Mario Draghi has told EU leaders that the economy is in a very good shape. 

Merkel noted that Germany shares France's aspirations for the euro zone economy, after France's central bank raised growth expectations in 2017 to 1.8% and to 1.7% in 2018, and to 1.8% for 2019, while steadying it at 1.6% for 2020. 

Otherwise, earlier US data showed the Empire State Manufacturing Index dipped slightly to 18.0 in December from 19.4, missing expectations of 18.8. 

US industrial production slowed down to 0.2% in November from 1.2% in October, revised from 0.9%, while analysts expected a 0.3% rise. The Capacity Utilization Rate rose to 77.1% from 77.0% in October, missing expectations of 77.2%.