TOKYO: The euro remained close to 2-1/2 week highs in early Asian trading on Wednesday, getting a boost from upbeat German economic data as investors awaited US consumer inflation data later in the global session.The common currency edged down slightly to $1.1791 after jumping more than 1 per cent in the previous session. "If it is weaker, then that may push down the probability of a Fed rate hike in December," said Jeff Kravetz, regional investment strategist at US Bank Wealth Management. "Right now, Fed fund futures are pricing in around 80 per cent, but it could go down to like 50-50," he said. "And if we do get a weak number, then I would think the euro would continue to strengthen, versus the dollar. That was slightly above the median estimate for annualised growth of 1.3 per cent.

Source: Economic Times November 15, 2017 00:33 UTC