Euro heads for first weekly loss in eight against dollar

Euro tilted lower in American trade to near a one-month low against the dollar, following earlier data from the euro zone and the US, the world's largest economy. 

As of 06:34 GMT, EUR/USD fell 0.10% to 1.2235 from the opening of 1.2247, with an intraday low at 1.2227, and a high at 1.2287. 

Earlier French data showed industrial production rose 0.5%, compared to a 0.3% dip in November, and beating expectations of a 0.1% rise, while Italian industrial output accelerated to 1.6% from 0.2%, beating forecasts of 0.7%. 

Otherwise, US wholesale inventories rose 0.4% in the final December reading, up from 0.2% in the preliminary reading, while analysts expected a 0.2% rise with no change, as wholesale sales for the same month slowed down to 1.2% from 1.9% in November, beating expectations of a 0.4% rise.