Euro hits one-month high against dollar

Economies.com
2017-11-15 16:42PM UTC

Euro rose in American trade to the highest since October 13, following a basket of data from the euro zone and the US, the world's largest economy. 

 

As of 05:25 GMT, EUR/USD rose 0.16% to 1.1816 from the opening of 1.1798, with a one-month high at 1.1861, and a session-low at 1.1785. 

 

Earlier French data showed the final reading for consumer prices up at 0.1% in line with expectations and the first reading, compared to a 0.2% dip in September, while the trade surplus rose to 25.0 billion euros for the whole region from 21.0 billion in August, besting expectations of 21.2 billion. 

 

Otherwise, earlier US data showed consumer prices rose just 0.1% in October in line with expectations, down from September's 0.6% increase, while core prices, excluding food and fuel, rose 0.2% m/m, matching forecasts and above September's 0.1% reading. 

 

US retail sales rose 0.2% m/m in October, beating expectations of no-change and slowing down sharply from September's 1.9% rise, revised higher from 1.6%, while core sales, excluding automobiles, rose 0.1%, below expectations of 0.2%, and compared to September's 1.2% rise, revised higher as well from 1.0%. 

 

The Empire State Manufacturing Index slid in November to 19.4, missing expectations of 25.5 and sharply down from October's 30.2. 

 

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