Euro settles higher ahead of Draghi's Berlin speech

Economies.com
2018-09-19 06:44AM UTC

Euro tilted higher in Asian trade against the greenback ahead of European trade and US housing data. 

 

As of 06:39 GMT, EUR/USD rose 0.15% to 1.1684, with an intraday high at 1.1685, and a low at 1.1656. 

 

Investors await current account trade data for the euro zone, expected with a reduced surplus at €22.4 billion in July, compared to €23.5 billion in June. 

 

European Central Bank President Mario Draghi is scheduled to speak about the future of economic policy in the euro area at a conference hosted by the Jacques Delors Institute, Bertelsmann Stiftung, and the Hertie School of Governance, in Berlin today. 

 

Markets also await US housing starts data, expected with a 5.7% increase to 1.235 million units in August, while building permits are estimated with a 0.5% increase to 1.310 million. 

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