Euro falls off three-week high versus dollar

Economies.com
2018-12-10 16:34PM UTC

Euro slipped in American trade off November 20 highs against the greenback, following a spate of data from the euro zone and the US today. 

 

As of 04:21 GMT, EUR/USD shed 0.10% to 1.1368, with an intraday low at 1.1360, and a three-week high at 1.1443. 

 

Earlier German data showed the trade surplus shrank to 17.3 billion euros from 17.7 billion in September, still beating estimates of 17.2 billion. 

 

Italian industrial production rose 0.1% in November, compared to a 0.1% dip in October, while an index tracking consumer sentiment for the whole zone fell to minus 0.3 in December from 8.8 in November. 

 

From the US, an index tracking job opportunities rose to 7.08 million from 6.96 million in September, missing estimates of 7.22 million.  

 

Payrolls data released last Friday showed the unemployment rate steadied at 3.7% in November as expected, the lowest since 1969. 

 

US average earnings rose 0.2% in November, missing estimates of 0.3% and matching the pace of October. 

 

The US economy added 155 thousand new jobs in November, missing estimates of 198K, and compared to October's 237K increase, revised from 250K. 

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