Data from the Eurostat showed industrial producer prices in the domestic market dropped 1.0% year-on-year in May, slower than April's 1.2% decline, in line with economists' expectations. In March, prices fell 1.7%.
On a monthly basis, producer prices dropped 0.1% in May, same as in the previous month. Economists had forecast prices to remain flat during the month. This was the fifth consecutive month of decline.
In an interview with French business daily Les Echos published today, the French Prime Minister
The euro fell to 0.7950 against the pound, its lowest since
House price growth accelerated further to 11.8% in June, the strongest since
Against the yen, the euro slipped to a 2-day low of 138.53, from an early high of 139.02. The pair was quoted at 138.85 at yesterday's close. The euro may find support around the 137.77 area.
Moving away from an early high of 1.5628 against the NZ dollar, the euro dropped to 1.5569. The pair closed yesterday's deals at 1.5579. On the downside, 1.54 is seen as next support level for the euro.
The euro fell to nearly a 2-week low of 1.4397 against the Australian dollar, from an early high of 1.4468. At yesterday's close, the euro was trading at 1.4399 against the aussie. The next possible downside target for the euro-greenback pair lies around the 1.42 level.
Against the Canadian dollar, the euro fell to more than a 5-month low of 1.4518 from an early high of 1.4618. The pair closed yesterday's deals at 1.4604. The euro may find support around the 1.42 region.
The euro fell to a 2-day low of 1.3654 against the US dollar, from an early high of 1.3681. At yesterday's close, the euro was trading at 1.3677 against the greenback. If the euro continues its downtrend, it may find support around the 1.35 area.
Looking ahead, the US ADP private sector employment report for June and factory orders for May are due to be released in the
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