Euro rises for second session against dollar

Economies.com
2018-04-16 15:25PM UTC

Euro rose for the second session against the dollar following a basket of data from the the euro zone and the US, the world's largest economy, while Federal Reserve Bank of Atlanta President Raphael Bostic is due to speak about the economy at the Shoals Chamber of Commerce, in Alabama later today.

 

As of 03:19 GMT, EUR/USD rose 0.31% to 1.2369 from the opening of 1.2331, with an intraday high at 1.2395, and a low at 1.2322. 

 

Earlier German data showed wholesale prices stayed unchanged in March, compared to a 0.3% dip in February, and missing expectations of a 0.4% rise, while on a yearly basis, prices rose 1.2%. 

 

Otherwise, earlier US data showed retail sales rose 0.6% in March, compared to a 0.1% dip in February, and beating expectations of a 0.4% rise, while core sales rose 0.2% in line with expectations. 

 

The Empire State Manufacturing Index slowed down to 15.8 in April from 22.5 in March, missing expectations of 14.9, while business inventories rose 0.6% as expected in February, as the NAHB Housing Market Index inched down to 69 from 70 in March, missing forecasts of 71. 

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