Euro on track for second weekly loss against dollar

Economies.com
2021-11-19 05:27AM UTC

Euro tilted lower in Asian trade against dollar ahead of a host of data from the euro zone and amid a lack thereof from the US.

 

As of 05:25 GMT, EUR/USD fell 0.15% to 1.1355, with an intraday low at 1.1352, and a high at 1.1373. 

 

European Central Bank President Christine Lagarde is expected to present important remarks later, while current account data for the euro zone will be released today as well.

 

Deutsche Bundesbank President Jens Weidmann is also due to speak at the Frankfurt European Banking Congress.

 

From the US, Federal Reserve Governor Christopher Waller will speak about the economic outlook at an event hosted by the Center for Financial Stability, in New York.

 

Otherwise, Federal Reserve Governor Richard Clarida will deliver a speech titled "Perspectives on Global Monetary Policy Coordination, Cooperation, and Correlation" at the 2021 Asia Economic Policy Conference hosted by the Federal Reserve Bank of San Francisco.

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