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Euro Steadies After Rallying on Strong German Data
Wednesday, 15 November 2017 08:36 WIB | CURRENCIES | Euro

The euro remained close to 2-1/2 week highs in early Asian trading on Wednesday, getting a boost from upbeat German economic data as investors awaited U.S. consumer inflation data later in the global session.

The common currency edged down slightly to $1.1791 after jumping more than 1 percent in the previous session. It moved well away from a 3-1/2-month low of $1.1553 plumbed last week.

The euro's ascent pushed down the dollar index, which tracks the U.S. currency against a basket of six major rivals. It was steady on the day at 93.856, wallowing at its lowest levels since late October and well below its overnight high of 94.542.

Source : CNBC

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