Euro slides for second straight session

Euro gave up ground in American trade against the dollar, marking the lowest since July 28, following a spate of data from the euro zone and the US, the world's largest economy.

As of 05:41 GMT, EUR/USD fell 0.37% to 1.1736 from the opening of 1.1807, with an intraday low at 1.1687, and a high at 1.1793. 

Earlier German data showed the second quarter GDP growth at 0.6%, down from 0.7% in the previous reading, while on a yearly basis, growth accelerated to 2.1% from 2.0%, besting expectations of 1.9%, as the seasonally adjusted growth reading slowed down sharply to 0.8% y/y from 3.2%, besting expectations of 0.6%. 

Otherwise from the US, retail sales rose 0.6% in July, accelerating from a 0.3% advance in June, revised from a 0.1% decline, and beating expectations a 0.3% growth. 

Core retail sales accelerated as well for the first time since the start of the year to 0.5% from 0.1%, revised from a 0.3% decline in June, and beating forecasts of 0.3%, as markets await the release of the Federal Reserve's minutes of the July 25-26 meeting on Wednesday as investors assess the chances of a third rate hike this year and tightening of monetary policy.