Euro declines despite positive data

Economies.com
2021-12-07 09:58AM UTC

Euro fell against most rivals on Tuesday despite a batch of positive data, as markets follow developments of the Omicron variant. 

 

German industrial production index rose 2.8% last month, beating expectations of 1.1%.

 

France's trade balance recorded a deficit of 7.5 billion euros in November, compared to expectations of a 7 billion deficit. 

 

US health councilor Anthony Fauci said there might have been exaggeration in the risks surrounding  Omicron compared to the more serious risks of the Delta strain.

 

Fauci said initial reports on Omicron infections in South Africa are encouraging, and that the number of mutations isn't confirmed yet. 

 

EUR/USD fell 0.1% as of 9:57 GMT to 1.1277, with an intraday high at 1.1300, with an intraday low at 1.1254. 

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