Euro rebounds from one-month low against dollar

Euro rose against the dollar away from January 18 lows for the fourth straight session, following earlier data from the euro zone and the US, the world's largest economy, while Deutsche Bundesbank President Jens Weidmann delivered opening remarks at the Bundesbank Cash Symposium, in Frankfurt.

As of 03:47 GMT, EUR/USD rose 0.22% to 1.2379 from the opening of 1.2352, with a one-week high at 1.2392, and a session-low at 1.2276. 

Earlier German data showed fourth-quarter GDP growth slowed down to 0.6% in line with expectations from 0.8% in the third quarter, while consumer prices shrank 0.7% as expected in January, compared to December's 0.6% rise. 

Italian GDP growth slowed down as well to 0.3% from 0.4%, while the whole zone's GDP growth settled at 0.6% as expected. 

Industrial output in the euro zone slowed down to 0.4% in December from 1.3% in November, beating expectations of 0.1%, while European Central Bank President Mario Draghi touted Europe's economic recovery and called for focus on improving labor conditions and investing into Blockchain technologies. 

Otherwise, earlier US data showed retail sales fell 0.3% in January, missing expectations of a 0.2% rise, and compared to December's 0.4% rise, while core sales., excluding automobiles, were unchanged last month, compared to a 0.4% rise in December, while analysts expected a 0.5% rise. 

US consumer prices rose 0.5% m/m in January, beating expectations of a 0.3% rise, and compared to December's 0.1% increase, while core prices, excluding food and fuel, rose 0.3% m/m, beating expectations of a 0.2% rise, and same as December, 

On a yearly basis, consumer prices steadied at 2.1% unchanged from December, beating expectations of 1.9%, while core prices also steadied at 1.8%, above forecasts of 1.7%. 

New Federal Reserve Chair Jerome Powell said in recent remarks that the Fed will continue backing economic growth and stable prices, noting he swore to execute his duties to his fullest efforts, while asserting the Fed will continue monitoring risks on financial stability and carry on the path of policy tightening.