Euro inches up as dollar declines after U.S. data

Economies.com
2017-04-14 15:25PM UTC

Euro rose modestly on Friday ahead of the weekend amid thin trading due to the holiday in the markets, with the common currency benefiting from dollar's current decline. 

 

Weal U.S. retail sales and consumer prices data for March nudged the dollar lower against a basket of currencies and erased yesterday's gains, as these data might impact interest rate decisions for the Federal Reserve. 

 

Dollar's decline buoyed the euro, specially amid a lack of European data, with the currency heading for a weekly profit after two weeks of losses. 

 

EUR/USD last traded at 1.0628, up from the opening of 1.0617, with an intraday high at 1.0631, and a low at 1.0606. 

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