Euro falls off three-week high versus dollar

Euro fell in American trade off November 7 highs for the fourth session versus the greenback, in a day that lacks data releases from the euro zone, and following US housing and consumer data. 

As of 04:58 GMT, EUR/USD dropped 0.38% to 1.1279, with an intraday high at 1.1344, and a November 15 low at 1.1278. 

The European trade commissioner Cecilia Malmström said she hopes for a very constructive talk with the US on trade relations and efforts to fix the World Trade Organization, adding the EU has reiterated its demands of the US to refrain from tariffs on European cars.  

Otherwise, Federal Reserve Governor Richard Clarida spoke about data dependence and monetary policy at The Clearing House and Bank Policy Institute's Annual Conference, in New York, where he noted gradual rate hikes are still the appropriate path for monetary policy, with data supporting the direction of normalizing policies as the labor sector strengthens and wages rise. 

An index tracking US house prices rose 0.2% in September, slowing down from 0.4% in August, while the S&P House Price Index rose 5.1% y/y, slowing down as well from 5.5% in August and missing expectations of 5.3%. 

An index tracking US consumer confidence fell to 135.7 in November from 137.9 in October, missing estimates of 136.2.