Euro falls off two-week high versus greenback

Euro fell in American trade on track for the second weekly loss in a row versus the greenback, and a monthly profit, following earlier data from the euro zone and a speech by Fed Governor John Williams today. 

As of 04:49 GMT, EUR/USD fell 0.63% to 1.1321, with an intraday low at 1.1311, and a high at 1.14000.

Earlier German data showed retail sales fell 0.3% in October, missing estimates of a 0.4% increase, while rising 5.0% y/y, besting estimates of a 1.4% increase, as import prices rose 1.0%. 

French consumer prices fell 0.2% as expected, compared to a 0.1% increase in October, while Italian unemployment rose to 10.6% from 10.3% in October. 

Italian consumer prices inched down 0.01%, compared to no-change in October, while increasing 2.0% y/y, slowing down from 2.2%. 

Core consumer prices for the whole zone rose 1.0%, slowing down from 1.1%, while unemployment steadied at 8.1% with no change from September. 

European Council President Donald Tusk spoke about the importance of trade for Europe currently more than any time before, with cooperation with the US a crucial aspect in the path to fix the World Trade Organization. 

Federal Reserve Bank of New York President John Williams said in earlier remarks today that he believes neutral levels for interest rates to be low, while asserting the importance of maintaining long-term inflation outlook steady. 

The Fed released the minutes of its November 7-8 meeting yesterday, at which there were discussions on the timeline for stopping overnight rate hikes in the future.