Euro slides to lowest since late May vs. dollar

Euro kept falling on Thursday away from the highest since November 9 for the second straight session against the dollar, following earlier data from the euro zone and the US, the world's largest economy. 

As of 05:56 GMT, EUR/USD fell 0.62% to 1.1148 from the opening of 1.1218, with an intraday high at 1.1229, and the lowest since May 30 at 1.1132. 

Earlier data from the euro zone showed the trade surplus shrinking unexpectedly in April for the region, while investors now await the results of the Euro Group meeting in Brussels. 

Otherwise, earlier US data showed unemployment claims down more than expected last week, while the Empire State Manufacturing Index surged past forecasts in June.

The Philly Manufacturing Index slowed down less than expected in the same month, as import prices fell unexpectedly, while industrial production steadied at zero, as the Capacity Utilization Rate fell unexpectedly. 

Yesterday, the Federal Open Market Committee voted today to increase interest rates by 25 basis points for the second time this year, while downgrading their projections for unemployment and inflation and keeping their growth forecasts intact, as the Fed announced its plan to normalize the balance sheet later this year and trim it down from its current $4.5 trillion levels.