The EUR/USD declined on Oct. 16, as market participants responded to robust U.S. economic data.
EUR/USD declines in early trade
The currency pair fell to as low as 1.2706 early in the session, according to Investing.com.
This change in direction happened after the greenback dropped on the previous day, amid a decrease in retail sales that was stronger than expected, Bloomberg reported. This news helped the dollar reach $1.2807 relative to the common currency. Read more