Euro on track for sixth weekly loss in row against dollar

Euro fell in American trade to November 13 lows against the dollar on track for the longest weekly losing streak since the second half of 2014, following earlier data from the euro zone and the US. 

As of 04:18 GMT, EUR/USD fell 0.44% to 1.1669 from the opening of 1.1720, with an intraday low at 1.1734, and a six-month low at 1.1647. 

Earlier German data showed the IFO Business Climate index steadying at 102.2 in May, beating forecasts of 102.0.

The Euro Group is now convening in Brussels to discuss many issues such as mechanisms to support euro and government finance, while investors await Deutsche Bundesbank President Jens Weidmann's speech at the Sveriges Riksbank Anniversary Conference, in Stockholm later today. 

Earlier US data showed durable goods orders fell 1.7% in April, compared to a 2.7% rise in March, and missing expectations of a 1.3% drop, while core orders accelerated to 0.9% from 0.1%, beating forecasts of 0.5%. 

University of Michigan's final reading for the consumer sentiment survey came at 98.8 in May, same as the preliminary and the April reading and in line with forecasts.