Euro falls off one-week high against dollar

Euro fell in American trade against the dollar away from March 8 highs for the second straight session, following earlier data from France and the US, the world's largest economy. 

As of 03:33 GMT, EUR/USD shed 0.27% to 1.2333 from the opening of 1.2367, with an intraday low at 1.2322, and a high at 1.2384. 

Earlier French data showed consumer prices steadied at zero, compared to a 0.1% dip in January, while analysts also expected a 0.1% decline. 

Bank of France Governor François Villeroy pointed in earlier remarks to the progress made with inflation, as the whole zone continues to recover, and noting that the ECB won't commit itself to a timeline to end the monetary easing program. 

Villeroy said there has been an agreement between market expectations and the ECB, noting that the current economic problems are structural and not periodical, while calling for more reforms in France to bolster employment. 

Peter Altmaier, the German Federal Minister for Special Affairs, stated that Germany doesn't want to complete in imposing the higher tariffs, asserting that imposing tariffs would raise the cost of life for citizens in the US. 

Otherwise, earlier US data showed unemployment claims fell 4 thousand to 226 thousand from 230 thousand in the previous report, below forecasts of 227 thousand, while the Philly Manufacturing Index slowed down to 22.3 from 25.8 in February, missing expectations of 23.1. 

The Empire State Manufacturing Index rose to 22.5 from 13.1, beating expectations of 14.9, while import prices slowed down to 0.4% from 0.8% in January, beating forecasts of 0.3%.