Euro slips against dollar on downbeat French data
2017-08-10 16:23:58 GMT (Economies.com)
Euro slips against dollar on downbeat French data

Euro tilted lower in American trade against the dollar, following earlier data from the euro zone and the US, the world's largest economy. 

 

As of 05:04 GMT, EUR/USD fell 0.06% to 1.1752 from the opening of 1.1759, with an intraday low at 1.1704, and a high at 1.1770.

 

Earlier French data showed industrial production down 1.1% in July, compared to June's 1.9% rise, while analysts expected a 0.6% decline, while Italian trade surplus widened unexpectedly in June. 

 

From the US, earlier data showed producers prices shrank 0.1% in July, compared to June's 0.1% rise, while core prices fell 0.1%, compared to a 0.1% rise in June, while analysts expected a 0.2% growth. 

 

On a yearly basis, both producer and core prices slowed unexpectedly last month. 

 

Similarly, unemployment claims for the week ending august 5 rose to 244 thousand from 241K, above expectations of 240K, while continuing claims for the week ending July 29 fell 16 thousand to 1.951 million from 1.967M, below expectations of 1.96M.  

 
 
 
  Symbol Last Change Chg.%
1.1759
-0.0070
0.5880%
1.2872
-0.0123
0.9461%
17.024
-0.076
0.447%
48.705
-0.060
0.123%
52.83
1.80
3.53%
1285.890
-4.485
0.348%
 
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