Euro resumes rebound from four-month low

Euro tilted higher in Asian trade against dollar away from July 24 lows, ahead of a batch of data from the euro zone and the US. 

As of 06:31 GMT, EUR/USD rose 0.09% to 1.1852, with an intraday high at 1.1855. 

From Germany, the final reading for GDP estimates a 8.2% growth rate, compared to a 9.7% contraction in the second quarter. 

From the US, house prices are expected up 0.8% in September, slowing down from 1.5%. 

US Richmond manufacturing index is expected down to 20 from 29, while the consumer confidence index is expected down as well to 97.7 from 100.9. 

The General Services Administration in the US just announced Joe Biden's win in the 2020 presidential elections, succeeding Trump as the 46th president of the US. 

Biden intends to choose former Fed Chair Janet Yellen as his Treasury Secretary, becoming the first woman to do this role. 

The World Health Organization has so far reported 58.43 million global cases of Covid 19 with the death toll at 1.385 million.