The Euro kept falling against the Greenback after the row of releases showing mostly strong results for the US. The EUR/USD currency pair lost 12 base points to touch the weekly low of 1.1744. Though, bulls managed to change the direction of the trend.
The Labour Department showed that the US import prices grew at the strongest pace of 0.7% in more than a year in September, due to higher costs of food and petroleum. Meanwhile, underlying inflation marked a modest increase of 0.3% in the reported period. The following report from the Fed showed that the US industrial production gained 0.3% in the prior month amid fading effects of Hurricanes Irma and Harvey, allowing utilities output to bounce back.
