Euro falls below 1.14 against dollar

Economies.com
2019-01-16 16:18PM UTC

Euro fell in American trade off October 17 highs against dollar for the fourth session out of five, following earlier data from Germany and the US today. 

 

As of 04:09 GMT, EUR/USD shed 0.15% to 1.1396, with a session-high at 1.1425, and the lowest since January 4 at 1.1378. 

 

Earlier German data showed consumer prices rose 0.1%, the same pace as November and matching estimates.

 

Earlier US data showed import prices fell 1.0%, compared to a 1.9% drop in November, while beating estimates of a 1.3% drop, as an index tracking the housing sector widened to 58 from 56.  

 

Markets now await the Beige Book, which is released two weeks before the Federal Reserve's meeting and upon which, policymakers base their decisions and forecasts. 

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