Euro rose nearly one percent to the highest since October 26 versus the dollar in American trade, following a basket of data from the euro zone and the US, and after a host of speeches by major global central bankers in Frankfort. 

As of 05:47 GMT, EUR/USD rose 0.89% to 1.1771 from the opening of 1.1667, with a three-week high at 1.775, and a session-low at 1.1662. 

Earlier German data showed the preliminary reading for third quarter growth accelerated to 0.8% from 0.6% in the second quarter, while the final reading for October consumer prices steadied at zero, beating expectations and down from 0.1% growth in September.

Italian GDP grew 0.5% in line with expectations in the third quarter, up from 0.3% in the second, while GDP growth for the overall zone steadied at 0.6% as expected. 

Otherwise, industrial production for the whole zone fell 0.6% in line with expectations, compared to a 1.4% increase in September, while the ZEW Economic Sentiment survey rose below expectations in Germany and beyond them in the whole zone. 

On another note, Federal Reserve Chair Janet Yellen, Bank of Japan governor Haruhiko Kuroda, Bank of England Governor Mark Carney, European Central Bank President Mario Draghi, have all participated in a panel discussion titled "At the heart of policy: challenges and opportunities of central bank communication" at the Central Bank Communications Conference hosted by the European Central Bank, in Frankfurt.

Draghi noted that transparency on the course of monetary policy has become one of the tool for central banks, and an effective one at that, noting the use of modern communications sites such as twitter to keep the public in constant knowledge, and adding that expounding on the future directions help in regulating the markets behavior. .

Otherwise, US producer prices rose 0.4% in October, beating expectations of 0.1%, and same as September, while core prices, excluding food and fuel prices, also rose 0.4%, same as before and passing forecasts of a 0.2% advance. 

In Frankfort, Janet Yellen said the monetary policy should be depended on the economic situation, noting the importance of the market's understanding that the direction of monetary policy isn't absolute or predetermined. 

Yellen said that every member of the FOMC expresses his\her private views in speeches and other lines of communications, noting that healthy arguments are being conducted all the time on monetary policy inside the FOMC meetings. 

Finally, Yellen said the Fed is completely aware that it might require exceptional tools to deal with shocks, noting that risks on financial stability remain moderate, and that the FOMC is taking a direction to balance the targets of inflation and employment. 

On another note, US Treasury Secretary Steven Mnuchin said earlier today he's not worries about whether the Senate tax reform bill could delay reforms, noting there were but small differences on tax cuts between the bills in the Senate and the House of Representatives, and asserting US president Donald Trump targets a growth rate of 3% or above for the economy. 

US stock indices opened the second session of the week lower, led down by the energy sector, amid concerns about the differences between legislators on the subject of tax reforms, while the third-quarter earnings season draws to an end, following earlier data from the US, the world's largest economy. 

US producer prices rose 0.4% in October, beating expectations of 0.1%, and same as September, while core prices, excluding food and fuel prices, also rose 0.4%, same as before and passing forecasts of a 0.2% advance. 

Similarly, US Treasury Secretary Steven Mnuchin said earlier today he's not worries about whether the Senate tax reform bill could delay reforms, noting there were but small differences on tax cuts between the bills in the Senate and the House of Representatives, and asserting US president Donald Trump targets a growth rate of 3% or above for the economy. 

As of 04:28 GMT, Standard and Poor's 500 fell 0.52%, or 13.48 points to 2,571.51, while Dow Jones declined 0.58%, or 135.11 points to 23,304.59. 

Tech-heavy NASDAQ shed 0.48%, or 31.47 points to 6,725.89. 

Gold futures fell in American trade to the lowest since November 6, even as the dollar index swooned to the lowest since October 26, following a basket of data from China, the world's largest metals consumer, and the US, and after speeches by major global central bank governors in Frankfort.

As of 03:59 GMT, gold futures  due on December 16 fell 0.46% to $1,273.00 an ounce from the opening of $1,278.90, while the dollar index shed 0.40% to 94.12 from the opening of 94.49. 

Earlier data from China showed industrial production slowed down to 6.2% y/y from 6.6% in September, missing expectations of 6.3%, while fixed-asset investments slowed down to 7.3% in line with expectations from 7.5%. 

Chinese retail sales slowed down as well to 10% from 10.3% in September, missing forecasts of 10.5%, as several global central bank governors participated in a panel discussion titled "At the heart of policy: challenges and opportunities of central bank communication" at the Central Bank Communications Conference hosted by the European Central Bank, in Frankfurt.

Otherwise, US producer prices rose 0.4% in October, beating expectations of 0.1%, and same as September, while core prices, excluding food and fuel prices, also rose 0.4%, same as before and passing forecasts of a 0.2% advance. 

Similarly, US Treasury Secretary Steven Mnuchin said earlier today he's not worries about whether the Senate tax reform bill could delay reforms, noting there were but small differences on tax cuts between the bills in the Senate and the House of Representatives, and asserting US president Donald Trump targets a growth rate of 3% or above for the economy. 

Copper futures fell in American trade even as the dollar index plumbed the lowest since October 28, following a basket of data from China, the world's largest metals consumer, and the US, and after speeches by major global central bank governors in Frankfort.

As of 03:24 GMT, copper futures due on December 15 slid 0.45% to $310.25 a pound from the opening of $311.65, while the dollar index declined 0.41% to 94.10 from the opening of 94.49. 

Earlier data from China, which accounts for 40% of global copper demand, showed industrial production slowed down to 6.2% y/y from 6.6% in September, missing expectations of 6.3%, while fixed-asset investments slowed down to 7.3% in line with expectations from 7.5%. 

Chinese retail sales slowed down as well to 10% from 10.3% in September, missing forecasts of 10.5%, as several global central bank governors participated in a panel discussion titled "At the heart of policy: challenges and opportunities of central bank communication" at the Central Bank Communications Conference hosted by the European Central Bank, in Frankfurt.

Otherwise, US producer prices rose 0.4% in October, beating expectations of 0.1%, and same as September, while core prices, excluding food and fuel prices, also rose 0.4%, same as before and passing forecasts of a 0.2% advance. 

Similarly, US Treasury Secretary Steven Mnuchin said earlier today he's not worries about whether the Senate tax reform bill could delay reforms, noting there were but small differences on tax cuts between the bills in the Senate and the House of Representatives, and asserting US president Donald Trump targets a growth rate of 3% or above for the economy.