Euro dips below 1.19 versus dollar

Economies.com
2017-10-16 15:13PM UTC

Euro tilted lower in American trade against the dollar, following an array of data from the euro zone and the US, the world's largest economy, and as markets follow the developments of Catalonia's independence demands from Spain. 

 

As of 03:57 GMT, EUR/USD fell 0.19% to 1.1798 from the opening of 1.1825, with an intraday low at 1.1781, and a high at 1.1829. 

 

Earlier German data showed wholesale prices accelerated to 0.6% from 0.3% in July, besting expectations of 0.4%, while the trade surplus for the whole zone rose to 21.6 billion euros from 17.9 billion in July, passing forecasts of 20.3B. 

 

Otherwise from the US, earlier data showed the Empire State Manufacturing Index rose to 30.2 in October from 24.4 in September, passing expectations of 20.3.

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