Euro rebounds from one-week low against dollar

Euro rose in American trade off the lowest since November 23 against the dollar, following a stream of data from the euro zone and the US, and ahead of speeches by Fed officials. 

As of 06:18 GMT, EUR/USD rose 0.39% to 1.1893 from the opening of 1.1847, with an intraday high at 1.1932, and a one-week trough at 1.1809. 

Earlier German data showed retail sales fell 1.2% in October, compared to September's 0.5% rise, while the unemployment change fell by 18 thousand, adding to 12 thousand in the previous reading, and beating expectations of a 10K drop. 

From France, consumer prices steadied at 0.1% in line with expectations, and the same as September. 

For the whole region, inflation accelerated to 1.5% y/y, same as October and below expectations of 1.6%, while core inflation steadied at 0.9 as expected, and finally, the unemployment rate fell to 8.8% from 8.9%. 

Otherwise, earlier US data showe personal spending rose 0.3% in October, slowing down sharply from 0.9% in September, revised from 1.0%, while analysts expected a 0.2% rise. 

US personal income rose 0.4% in October, same as September while beating analysts' expectations of a 0.3% rise. 

Similarly, the Core PCE Price Index slowed down to 0.1% in line with expectations from 0.4% in September, while core personal spending steadied at 0.2% m/m, and 1.4% y/y as expected. 

US unemployment claims fell to 238 thousand in the week ending November 25, compared to expectations of 241K, and down from the previous reading of 240K, revised upwards from 239K, while continuing claims rose by 42 thousand to 1.957 million from 1.915 million, compared to expectations of 1.890M. 

Chicago PMI fell to 63.9 in November from 66.2 in October, missing expectations of 62.2, while Federal Reserve Governor Randal Quarles is due to speak about payment systems at the Financial Stability and Fintech Conference, in Washington DC, as Federal Reserve Bank of Dallas President Robert Kaplan is also due to participate in a panel discussion at the Real Estate Council, in Dallas.