Euro gives up ground against dollar

Euro tilted lower against the dollar in American trade, following earlier data from the US, the world's largest economy, and amid a lack thereof from the euro zone. 

As of 04:34 GMT, EUR/USD shed 0.09% to 1.1742 from the opening of 1.1752. with an intraday high at 1.1764, and the lowest since July 28 at 1.1689.

Earlier from the US, the preliminary reading for labor unit costs showed a 0.6% rise in the second quarter, slowing down sharply from 2.2% in the first quarter, and missing expectations of 1.1%, while non-farm productivity rose 0.9% in the previous quarter, compared to no-change in the first one, and passing expectations of 0.7%. 

Last Friday, 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.