Euro on track for first weekly profit in four

Euro rose in American trade off June 2017 lows versus dollar, following a variety of data from the euro zone and the US today. 

As of 03:11 GMT, EUR/USD rose 0.24% to 1.1404, with a session-high at 1.422, and a low at 1.1367. 

Earlier euro zone data showed the trade surplus unchanged at €4.6 billion in June according to the seasonally adjusted reading, while slipping to €23.5 billion from €24.8 billion according to the unadjusted reading. 

Consumer prices for the whole zone fell 0.3% m/m as expected, while accelerating to 2.1% y/y from 2.0% in June. 

Core prices, excluding food, energy, and alcohol, rose 1.1% as expected and with no change from June. 

From the US, the University of Michigan released its consumer sentiment survey for August, showing an unexpected drop to 95.3 from 97.9 in July, while analysts estimated 98.1. 

An index that combines 10 different economic indicators into a single one rose 0.6% in July, up from 0.5% in June, and beating estimates of 0.4%.