Euro falls off three-week high against dollar

Euro titled lower in American trade off November 7 highs versus the greenback, following earlier data from the euro zone and the US today. 

As of 04:58 GMT, EUR/USD shed 0.04% to 1.1284, with the lowest since November 14 at 1.1267, and a session-high at 1.1301. 

Earlier German data showed the GFK index tracking consumer sentiment down to 10.4 for November from 10.6 in October, while the M3 money supply gauge rose 3.9% for the euro zone in October, adding to the 3.6% increase in September. 

Private loans for the zone rose 3.2%, same as September as expected. 

European Commission Vice President Valdis Dombrovskis said in earlier remarks that Italy needs wide modifications for its government budget in order to comply with EU rules, while Italian Prime Minister Giuseppe Conte noted how dealing with the EU wouldn't be easy, and asserting the path of his government's economic reforms will carry on. 

US Growth, Trade, Housing Data 

US GDP growth clocked in at 3.5% according the second reading for the third quarter, slightly missing estimates of 3.6%, and the same as the first reading, while also below the second quarter's 4.2%. 

US goods trade balance showed a deficit of $77.2 billion in October, up from $76.3 billion in September, while wholesale inventories rose 0.7%, accelerating from 0.4% in September and above estimates of 0.5%. 

New home sales fell 8.9% to an annualized 544 thousand units, compared to a 1% increase in September to 597 thousand, while analysts expected a 4% increase to 575 thousand, while the Richmond manufacturing index receded to 14 from 15 in November, missing estimates of 16.