Euro loses ground versus dollar at the open

Euro tilted lower in American trade against the greenback, following earlier data from Germany, Europe's largest economy, and amid a lack thereof from the US, the world's largest. 

As of 05:11 GMT, EUR/USD rose 0.18% to 1.1763 from the opening of 1.1775, with an intraday low at 1.1733, and a high at 1.1777. 

Earlier German data included the monthly report for the Deutsche Bundesbank, which pointed to increased momentum in the German economy in the third quarter, while expecting further improvements to support growth, and detailing a rise in construction output levels, as private sector investments tapered off, although the bank believes the weakness to be transitory.  

As for the latest developments in Catalonia, which seeks formal independence from Spain; the region's state secretary commented on the Spanish government's canceling of the region's self rule that: Democracy in the European Union won't have credibility anymore if Spain was allowed direct rule on Catalonia, asserting that only the citizens have the power to change institutions in the region. 

News outlets reported the regional Parliament in Catalonia will hold an emergency session next Thursday to make appropriate responses to the Spanish government's latest decisions. 

On the other hand, Spanish prime minister said earlier today that there hasn't been any contact with the Catalonian government since last Saturday, noting that the central government could choose just one representative to run the region temporarily, while the elected leader there will lose all his official powers once the Upper House votes on direct rule over the region.