Euro rises vs dollar, shrugs off weak European data

Euro rose against dollar today amid the continued trade concerns, despite the release of weak economic data from Germany and France.

Germany revealed today that the industrial production fell by 1.5% in July, beating forecasts of a drop by 0.5%.

Whilst, French trade balance reading showed a deficit of 5.19 billion euros in July, beating forecasts of 4 billion euros.

Global markets quickly returned to fall today, after a day of respite yesterday as the escalating on US-China trade war still casts its shadows.

Uncertainty is still surrounding the trade dispute between Washington and Beijing, with no signs on a near resolution for the crisis.

As of 18:00 GMT, EUR/USD rose by 0.1% to $1.1216, with a high of $1.1243 and a low of $1.118.