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Euro steadies after rallying on strong German data

Reuters  |  TOKYO 

By Lisa TwaroniteTOKYO (Reuters) - 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 ...

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First Published: Wed, November 15 2017. 06:13 IST
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