Euro slides against dollar at the week's open

2017-12-04 18:08:05 GMT (Economies.com)
Euro slides against dollar at the week's open

Euro fell in American trade against the dollar following a basket of data from the euro zone and the US, the world's largest economy, and as the Euro Group's meeting proceeds in Brussels. 

 

As of 06:34 GMT, EUR/USD rose 0.41% to 1.1847 from the opening of 1.1882, with an intraday low at 1.1829, and a high at 1.1888. 

 

Earlier Spanish data showed the unemployment change up 7.3 thousand in November, compared to a 56.8K increase in October, while analysts expected a 54.3K addition, as the Sentix Investor Confidence for the whole region fell to 31.1 from 34.0 in November, missing expectations of 32.3. 

 

 Earlier US data showed factory orders fell 0.1% in October, beating expectations of a 0.3% decline, and compared to September 1.7% rise, revised higher from 1.4%, while the US Senate passed a massive tax reform bill early Saturday,  aiming to cutting corporate taxes from 35% to 20% in order to spur growth and investments. 

 
 
 
  Symbol Last Change Chg.%
1.1748
0.0117
1.0051%
1.3079
0.0010
0.0727%
14.296
0.229
1.624%
70.832
1.845
2.674%
78.76
0.06
0.08%
1199.070
5.295
0.444%
 
 
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