Euro touches two-week trough versus dollar

Economies.com
2018-04-20 15:21PM UTC

Euro fell in American trade to April 6 lows against the dollar, following earlier data from Germany, while Deutsche Bundesbank President Jens Weidmann participated in a press conference at the International Monetary Fund's Spring Meeting, in Washington DC.

 

As of 03:13 GMT, EUR/USD fell 0.57% to 1.2275 from the opening of 1.2345, with an intraday high at 1.2250, and a two-week low at 1.2353. 

 

Earlier German data showed producer prices rose 0.1% in March, compared to a 0.1% dip in February, and missing expectations of a 0.2% rise, while on a yearly basis, prices accelerated to 1.9% from 1.8%, below forecasts of 2%. 

 

Now markets await Federal Reserve Bank of San Francisco President John Williams' speech at a fireside chat hosted by the Fisher Center for Real Estate and Urban Economics, in California.

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