Euro fell in American trade to December 22 lows following a basket of data from the euro zone and the US, and ahead of a speech by Federal Reserve Bank of San Francisco President John Williams later today. 

As of 03:38 GMT, EUR/USD fell 0.50% to 1.1867 from the opening of 1.1927, with an intraday high at 1.1938, and a five-month low at 1.1820. 

Earlier German data showed the preliminary reading for GDP growth down to 0.3% from 0.6% in the fourth quarter, while French consumer prices rose 0.2% in April, down from 1% in March and beating forecasts of 0.1%. 

For the whole zone, industrial production rose 0.5% in March, compared to a 0.9% drop in February, while analysts expected a 0.6% rise. 

The ZEW economic sentiment survey for May dipped in Germany and beat expectations for the whole zone, as GDP growth for the zone rose 0.4% as expected in the first quarter. 

European Central Bank member Benoît Cœuré said in earlier remarks that the ECB expects no change in interest rates for a long time and continued support for monetary easing. 

Otherwise, the International Monetary Fund warned from some medium-term risks for the euro zone economies, even though they're on road to achieve solid growth, while encouraging east European countries to get ready for a phase of policy tightening. 

Otherwise, earlier US data showed retail sales rose 0.3% m/m, slowing down from 0.8% in March, and missing expectations of 0.4%, while core sales slowed down as well to 0.3% from 0.4%, missing estimates of 0.5%. 

The Empire State Manufacturing Index rose to 20.1 from 15.8 in April, beating forecasts of 15.1, while business inventories were unchanged, compared to a 0.6% rise in March, while analysts expected a 0.2% increase.

The NAHB Housing Market Index rose to 70 in line with expectations in May from 68 in April. 

US stock indices opened the second session of the week lower amid concerns by investors about lack of progress in US-China trade talks, after US ambassador to China said both countries are still very far from solving their trade dispute, while otherwise, 10-year US treasury yields surged to July 2011 highs, weighing on Wall Street. 

Earlier US data showed retail sales rose 0.3% m/m, slowing down from 0.8% in March, and missing expectations of 0.4%, while core sales slowed down as well to 0.3% from 0.4%, missing estimates of 0.5%. 

The Empire State Manufacturing Index rose to 20.1 from 15.8 in April, beating forecasts of 15.1, while business inventories were unchanged, compared to a 0.6% rise in March, while analysts expected a 0.2% increase.

The NAHB Housing Market Index rose to 70 in line with expectations in May from 68 in April. 

Now markets await Federal Reserve Bank of San Francisco President John Williams' speech at the Economic Club of Minnesota May Luncheon, in Minneapolis later today.

As of 02:47 GMT, Standard and Poor's 500 fell 0.69%, or 18.82 points to 2,711.31, while Dow Jones shed 0.76%, or 188.28 points to 24,711.13. 

Tech-heavy NASDAQ slid 0.84%, or 62.05 points to 7,349.27. 

Gold futures tumbled two percent in American trade to December 28, 2017 lows as the dollar index scaled December 22 highs, following earlier data from China, the world's largest metals consumer, and the US, and ahead of a speech by Federal Reserve Bank of San Francisco President John Williams later today. 

As of 01:54 GMT, gold futures due on June 15 fell 1.84% to $1,293.90 an ounce from the opening of $1,318.20, while the dollar index jumped 0.83% to 93.36 from the opening of 92.59. 

Earlier Chinese data showed retail sales rose 9.4% y/y in April, down from 10.1% in March, and missing forecasts of 10%, while industrial production rose 7%, up from 6% in the previous reading, while beating forecasts of 6.4%. 

Earlier US data showed retail sales rose 0.3% m/m, slowing down from 0.8% in March, and missing expectations of 0.4%, while core sales slowed down as well to 0.3% from 0.4%, missing estimates of 0.5%. 

The Empire State Manufacturing Index rose to 20.1 from 15.8 in April, beating forecasts of 15.1. 

Recently, the World Gold Council reported a 7% drop in global demand in the first quarter of 2018 to 973.5 tonnes, the lowest since the first quarter of 2008, as investments fell 27% on the precious metal to 287 tonnes from 383 tonnes in the first quarter of 2017. 

Central banks' gold demand rose 42% to 116.5 tonnes, especially from Russia, while jewelry demand steadied at 487.7 tonnes, as mine supplies grew 1% y/y to 770 thousand tonnes. 

Gold holdings at SPDR Gold Trust, the world's largest gold-backed investment fund, fell 1.47 tonnes on Monday to a total of 856.17 tonnes, the lowest since April 5, after rising 3%, or 23.63 tonnes in 2017, while gold prices rose 13% last year.

Copper futures fell over one percent in American trade away from April 26 highs as the dollar index rallied, following earlier data from China, the world's largest metals consumer, and the US, and ahead of a speech by Federal Reserve Bank of San Francisco President John Williams later today. 

As of 01:25 GMT, copper futures due on July 15 fell 1.31% to $305.25 a pound from the opening of $309.30, while the dollar index rose 0.70% to 93.23 from the opening of 92.59. 

Earlier Chinese data showed retail sales rose 9.4% y/y in April, down from 10.1% in March, and missing forecasts of 10%, while industrial production rose 7%, up from 6% in the previous reading, while beating forecasts of 6.4%. 

Earlier US data showed retail sales rose 0.3% m/m, slowing down from 0.8% in March, and missing expectations of 0.4%, while core sales slowed down as well to 0.3% from 0.4%, missing estimates of 0.5%. 

The Empire State Manufacturing Index rose to 20.1 from 15.8 in April, beating forecasts of 15.1.