Euro gives up ground against dollar

Euro fell against the dollar in American trade amid a lack of data from the euro zone and the US, the world's largest economy. 

As of 05:15 GMT, EUR/USD fell 0.36% to 1.1158 from the opening of 1.1198, with an intraday low at 1.1157, and a high at 1.1214. 

Earlier we followed Deutsche Bundesbank President and voting member of the ECB Governing Council Weidmann's speech at the Colloquium in memoriam Prof Dr Hans Tietmeyer, in Frankfurt, as the Brexit saga continues following the shock early elections that took the majority out of the Conservatives' hands. 

Earlier from the US, Federal Reserve Bank of New York President William Dudley spoke at the North Country Chamber of Commerce, in Plattsburgh, pointing to the brisk gains in wages and inflation, and saying the current economic conditions are better, as inflation and unemployment levels near the targets. 

Dudley cautioned there's still a long road for full recovery, adding that confidence levels are high now and the US economy is almost at full employment, as wage increases go along with productivity levels, while the improvement in hiring rates will ensure gradually increasing wages, and warning that slow interest rates hikes could push the economy into recession.