Euro fell against dollar in American trade

Economies.com
2017-08-08 15:47PM UTC

Euro fell in American trade against the dollar, following earlier data from the euro zone and the US, the world's largest economy. 

 

As of 04:32 GMT, EUR/USD fell 0.50% to 1.1736 from the opening of 1.1795, with an intraday low at 1.1733, and a high at 1.1824. 

 

Earlier German data showed the trade surplus rose more than expected will imports fell more than exports in June, while French deficit widened below expectations, as the French government budget deficit shrank in June.

 

Similarly, European Commissioner for Financial and Economic affairs said in earlier remarks that the EU needs to coordinate its tax base for the time being and not interest rates, and carry on its tax reforms, adding that fiscal policies inside the region don't target specific tax rates. 

 

Earlier US data showed the JOLTS Job Openings jumped to 6.16 million in June from 5.67 million in May, besting expectations of 5.74 million, while last week, the payrolls report showed the economy created 209 thousand new jobs, while the unemployment rate declined to 4.3%, as average hourly earnings accelerated in line with expectations. 

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