Euro falls for first session in five versus greenback

Euro fell in American trade off November 7 highs for another session against the dollar, while still on track for weekly gains, following earlier data from the euro zone and the US today. 

As of 05:04 GMT, EUR/USD fell 0.38% to 1.1402, with an intraday low at 1.1383, and a high at 1.1474. 

Earlier German data showed import prices fell 1.0%, compared to a 1% increase in October, while an index tracking consumer sentiment steadied at 10.4, edging estimates of 10.3. 

French GDP rose 0.3% q/q in the third quarter, and 1.4% y/y, as consumer spending fell 0.3%, missing estimates of no change. 

US Data 

Earlier US data showed the GDP grew by 3.4% in the third quarter of 2018, missing estimates of 3.5%, and compared to 4.2% in the second quarter. 

US durable goods orders rose 0.8% in November, missing estimates of a 1.6% increase, and compared to October's 4.3% drop. 

Core orders, excluding transportation, fell 0.3%, missing estimates of a 0.3% increase, and compared to October's 0.2% addition. 

US personal income rose 0.2% in November, slowing down from 0.5% in October, while missing estimates of a 0.3% increase, as personal spending rose 0.4%, slowing down from 0.4%. 

Finally, University of Michigan released its final reading for the consumer sentiment survey, showing an increase to 98.3 from the preliminary reading of 97.5, beating estimates of 97.6.