Euro climbs for first time in six days against dollar

Economies.com
2017-12-11 16:28PM UTC

Euro rose against the dollar past 1.18 in American trade, following an array of data from the euro zone and the US, the world's largest economy, and ahead the Federal Open Market Committee meeting in Washington tomorrow and European Central Bank President Mario Draghi's speech later this week. 

 

As of 05:13 GMT, EUR/USD rose 0.24% to 1.1801 from the opening of 1.1766, with a session-high at 1.1812, and a low at 1.1757. 

 

Earlier Italian data showed retail sales fell 1.0%, missing expectations of a 0.1% dip, and compared to a 0.8% increase in September, while German Chancellor Angela Merkel spoke earlier today about the need to accelerate the pace of talk to form a governing coalition, while supporting Germany's cooperation with France to strengthen the euro zone. 

 

Otherwise, earlier US data showed the JOLTS job openings fell to 6 million jobs from 6.09 million in September, compared to expectations of 6.03 million, while investors now await the Federal Reserve policy meeting tomorrow. 

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