Euro rebounds off one-week trough versus dollar

Euro tilted higher in American trade for the first time in five sessions against the greenback, rebounding modestly from the lowest since October 9 after a spate of data from the US, the world's largest economy, and amid a lack thereof from the euro zone. 

As of 05:21 GMT, EUR/USD rose 0.09% to 1.1777 from the opening of 1.1766, with an intraday high at 1.1781, and a one-week trough at 1.1730. 

European Central Bank President Mario Draghi spoke earlier today in the ECB Conference in Frankfort, where he asserted the importance of adopting unified economic reforms that link the whole region, while being fair and balanced, adding that the ECB didn't find evidence that higher interest rates lead to more reforms. 

Earlier from the US, Federal Reserve Bank of New York President William Dudley participated in a panel discussion titled "Dallas and New York as Centers of Growth" at an event jointly hosted by the Federal Reserve Bank of Dallas and the Federal Reserve Bank of New York, in New York.

Earlier US data showed housing starts and building permits fell more than expected in September, as markets look forward to the Beige Book later today, which derives its importance from being released two weeks before the Federal Open Market Committee, and lays the background for policymakers' decisions and directions in order to stimulate the economy.