Euro fell below 1.14 versus dollar in American trade, resuming its decline for the third session out of four and settling near year lows, following a stream of data from the euro zone and the US.
As of 03:12 GMT, EUR/USD fell 0.34% to 1.1371, with an intraday low at 1.1370, and a high at 1.1429.
Earlier German data showed the preliminary reading for GDP growth at 0.5% in the second quarter, beating estimates of 0.4%, while consumer prices rose 0.3% as expected, up from 0.1% in June.
French consumer prices fell 0.3% as expected, compared to no change in June, while industrial output for the whole euro zone fell 0.5%, missing expectations of a 0.4% drop, and compared to a 1.4% increase in May.
The ZEW index that tracks economic sentiment in Germany was at minus 13.7 in August, the fifth negative reading in a row, while nonetheless beating estimates of minus 20.1, and up from minus 24.7 in July, the worst reading since 2012.
The euro zone's economy grew 0.4% q/q in the second quarter according to the flash reading, beating expectations of 0.3%, and up from 0.3% as well in the first quarter, with the GDP registering a 2.2% yearly growth rate, also beating estimates of 2.1%.
Germany's foreign minister called on Turkey to release the American pastor imprisoned there for terrorism charges in order to calm the dispute with the US and combat the impending financial crisis that threatens Turkey's economy and European companies exposed to it.
Otherwise, earlier US data showed import prices unchanged in July, compared to a 0.1% m/m dip in June, and missing estimates of a 0.1% increase, while prices excluding petroleum slipped 0.1%, compared to a 0.4% decline in June.
On a yearly basis, prices rose 4.8% last month, up from 4.7% in June, and beating estimates of 4.5%.
On another note, the Congressional Budget Office warned from slowed growth in 2019 and subsequent years as the impact of financial stimulus diminishes, with the office forecasting a 3.1% growth rate in 2018, up from 2.2% in 2017 as tax cuts and government spending prop up the economy.
The office expects a 2.4% growth rate in 2019 as business investments and government spending recedes, while forecasting an average rate of 1.7% for the period ranging from 2023 to 2028.