US dollar falls against Euro after economic data Release

The US dollar fell today against the euro after economic data in addition to the European Central Bank’s decision to stabilize interest rates as they are without change, as the European Central stressed that it will carry out more monetary stimulus if necessary.

Today's data showed that the economy of 19 member states in the eurozone contracted at its largest ever pace. The data also showed an increase in US jobless claims during the past week, in addition to declining consumer spending.

The euro rose 0.77% to $ 1.0957, the highest level since April 15, while the dollar rose 0.53% against the yen to 107.27 and the main dollar index rose to 99.73 after the European Central Bank meeting.