Euro inches lower following mixed economic data

Euro stabilized against the greenback in today's trading following the release of mixed economic data as well as market's focus shifting towards the G20 summit.

Government data showed import prices fell by 0.1 percent in Germany last month, while consumer spending in France rose by 0.4 percent, and the French consumer price index rose by 0.2 percent, while the index stabilized in the eurozone at 1.2 percent.

World markets are closely watching a pivotal meeting between US President Donald Trump and Chinese President Xi Jinping to discuss trade relations between the two countries in light of the existing tariff war.

There is optimism in the markets about the Trump-Xi meeting and the possibility of a trade deal between the two countries, as the US Treasury Secretary Steven Mnuchin hinted.

In terms of trade, by 16:46 GMT, EUR/USD fell less than 0.1% to 1.1362, with the highest of the day at 1.1395 and the lowest at 1.1356.