Euro falters against dollar despite positive services data

Euro held against the US dollar today despite positive services sector data in the Eurozone.

The data showed that the German services PMI grew to 51.6 points in October, higher than forecasts and its previous reading of 51.2, and the Eurozone services PMI grew to 52.2, higher than forecasts of 51.8.

The Eurozone Retail Sales index held steady at 0.1% in line with forecasts in October, lower than September revised reading of 0.6%.

This comes as the markets are currently anticipating outcome of the US and China trade talks, as the two countries are expected to sign the first phase trade deal soon.

The EUR/USD held at $1.1069 as of 18:32 GMT, the pair's session-high at $1.1094 and the low at $1.1066.