Euro plumbs three-week trough

Euro fell on Friday ahead of the weekend to a three-week trough as the dollar kept rebounding, while political tensions mount in the Eurozone, hurting the common currency.
 
EUR/USD last traded at 1.0640, down from the opening of 1.0657, with a session-high at 1.0669, and a low at 1.0609.
 
Euro fell today as the dollar muscles up to a two-week high against a basket of currencies, after U.S. president Donald Trump announced his plan to cut corporate taxes soon, brightening U.S. outlook.
 
On the other hand, tensions spread across Europe regarding the French presidential elections as the Far Right Candidate Marie Le Pan competes strongly with a promise to hold a referendum on the European Union, raising concerns in the markets and hurting the euro.
 
Earlier data today from France, the Eurozone's second largest economy, showed industrial production down 0.9% in January, compared to December's 2.4% rise, revised higher from 2.2%, raising concerns in the markets and nudging the common currency lower.