Euro slides below 1.18 versus dollar

Euro dropped below 1.18 against the dollar after a spate of data from the euro zone, and amid a lack thereof from the US, the world's largest economy, and as markets await the Federal Reserve's last meeting minutes. 

As of 05:04 GMT, EUR/USD slid 0.33% to 1.1782 from the opening of 1.1807, with an intraday low at 1.1770, and a high at 1.1838. 

Earlier euro zone data showed the seasonally-adjusted industrial production reading with a 0.6% drop in June, compared to a 1.2% rise in May, while analysts expected a 0.5% decline, and on a yearly basis, growth slowed down to 2.6% from 3.9%, below expectations of 2.8%.