Euro settles higher versus dollar as US market shuts down

Economies.com
2018-12-05 17:13PM UTC

Euro tilted higher against the greenback, following earlier data from the euro zone while the US market shuts down for the official holiday announced by President Donald Trump in honor of late President George H.W. Bush. 

 

As of 05:00 GMT, EUR/USD rose 0.04% to 1.1348, with an intraday high at 1.1361, and a low at 1.1311. 

 

Earlier Spanish data showed the manufacturing PMI steadied at 54.0, edging estimates of 53.9. 

 

Italian services PMI rose to 50.3 from 49.2, while the same index in France fell to 55.1 from 55.3 in October, while steadying for Germany at 53.3. 

 

The services PMI for the whole zone rose to 53.4 from 53.3 in October, while retail sales rose 1.7% y/y, up sharply from 0.3%, while missing estimates of 2.0%. 

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