Euro falls off four-week high versus dollar

2018-07-11 16:01:26 GMT (Economies.com)
Euro falls off four-week high versus dollar

Euro fell in American trade off June 14 highs against the dollar, which comes after European Central Bank President Mario Draghi delivered opening remarks at the ECB Statistics Conference, in Frankfurt, and following earlier inflation data from the US. 

 

As of 03:12 GMT, EUR/USD shed 0.17% to 1.1724 from the opening of 1.1744, with a session-low at 1.1695, and a high at 1.1758. 

 

European Central Bank member and Bank of France Governor François Villeroy said a rate hike in the second half of 2019 is possible, but depends on inflation forecasts, while asserting the need to end the assets purchase program next December. 

 

Otherwise, earlier US data showed producer prices rose 0.3% in June, slowing down from 0.5% in May and beating estimates of 0.2%, while core prices rose 0.3%, same as before and also beating forecasts of 0.2%. 

 

Federal Reserve Bank of Atlanta President Raphael Bostic is scheduled to speak at the Virginia Society of Certified Public Accountants, while Federal Reserve Bank of New York President John Williams is due to speak about the local economy at a town hall event, in Brooklyn later today. 

 

 
 
 
  Symbol Last Change Chg.%
1.1699
0.0068
0.5816%
1.3205
0.0135
1.0314%
14.223
0.157
1.113%
71.040
2.053
2.975%
79.38
-0.02
0.03%
1203.235
9.460
0.792%
 
 
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