Euro slips for fourth straight session versus dollar

Economies.com
2017-10-17 16:19PM UTC

Euro fell in American trade trade against the dollar to the lowest since October 9, following an array of data from the euro zone and the US, the world's largest economy. 

 

As of 05:06 GMT, EUR/USD shed 0.36% to 1.1754 from the opening of 1.1796, with an intraday high at 1.1800, and a one-week low at 1.1736. 

 

Earlier data from the euro zone showed the final reading for consumer prices up 1.5% in line with expectations and the preliminary reading, unchanged as well from August, while core prices steadied at 1.1% as expected. 

 

The ZEW Economic Sentiment survey for Germany, Europe's largest economy, rose below expectations, while slowing down for the while region, as investors look forward to European Central Bank president Mario Draghi's speech at the ECB Conference later this week in Frankfort. 

 

Otherwise, earlier US data showed industrial production grew 0.3% in September in line with expectations, compared to a 0.7% drop in August, revised from a 0.9% fall, while the Capacity Utilization Rate rose to 76.0% from 75.8% in August, missing expectations of 76.2%. 

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