Euro slides below 1.18 against dollar

Euro glided below 1.18 against the dollar in American trade, following an array of data from the euro zone and the US, the world's largest economy.

As of 04:17 GMT, EUR/USD fell 0.40% to 1.1768 from the opening of 1.1815, with an intraday low at 1.1745, and a high at 1.1824. 

Earlier German data showed the ZEW Economic Sentiment survey fell more than expected in August, while the same survey for the whole region showed similar results, as markets now await European Central Bank president Mario Draghi's speech tomorrow at the 6th Lindau Meeting on Economic Sciences, in Germany.

Otherwise from the US, earlier data showed housing prices slowed down in June to 0.1% from a 0.3% increase in May, missing expectations of 0.5%, while the Richmond manufacturing index is expected to slid to 11 in August from July's 14.