Euro resumes decline off three-month high against dollar

Euro fell in American trade off October 17 highs for the third session out of four, following earlier data from the euro zone and the US, and ahead of ECB President Mario Draghi's testimony before European Parliament today. 

As of 03:47 GMT, EUR/USD fell 0.31% to 1.1434, with a session-low at 1.1412, and a high at 1.1490. 

Earlier French data showed consumer prices unchanged in December as expected, compared to a 0.2% dip in November. 

French government deficit widened to 95.6 billion euros from 87 billion, while the euro zone's trade surplus increased to 15.1 billion from 13.5 billion in October, beating estimates of 13.2 billion. 

European Central Bank President Mario Draghi is testifying today about the annual ECB report before the European Parliament, while the UK Parliament is having a crucial vote on the Brexit deal with the US today, with the odds on a likely rejection, potentially leading to an unorganized exit and maybe the collapse of government. 

Earlier US data showed producer prices fell 0.2% m/m in December, missing estimates of a 0.1% dip, and compared to November's 0.1% increase. 

Core prices, excluding food and fuel, fell 0.1%, missing estimates of a 0.2% increase, and compared to November's 0.3% increase. 

The Empire State Manufacturing Index fell to 3.9 in January, missing estimates of 11.6, and compared to December's 10.9. 

Federal Reserve Bank of Kansas City President Esther George is scheduled to speak about the economic outlook and monetary policy later today, while a US government shutdown entered its fourth week, making it the longest such shutdown in US history.