Euro resumes decline from three-week high after ECB

Euro fell in American trade off November 20 highs for the third session out of four versus the greenback, following a stream of data from the euro zone and the US, and after the ECB's policy decisions today. 

As of 05:43 GMT, EUR/USD shed 0.13% to 1.1354, with an intraday low at 1.1331, and a high at 1.1393. 

Earlier German data showed consumer prices rose 0.1% as expected, slowing down from 0.2% in October, while prices fell 0.2% for France, compared to a 0.1% increase in October. 

The European Central Bank voted today to maintain the main refinancing rate at zero and the deposit rate at minus 0.40%, while carrying on the quantitative easing program this year.

At the post meeting press conference, ECB President Mario Draghi expected no change in rates until summer 2019 in accordance with the goal to keep inflation at 2%, adding the economies in the euro zone still need continued monetary support and easing. 

US Labor Data 

Earlier US data showed unemployment claims fell 27 thousand in the week ending December 8 to 206 thousand, far below estimates of 226K, while continuing claims for the week ending December 1 rose 25 thousand to 1.661 million. 

Import prices fell 1.6%, compared to a 0.5% increase in October, and missing estimates of a 1% drop.