Euro to dollar rate falls in anticipation of macroeconomic statistics from Germany

The euro fell against the dollar on August 25 morning as markets awaited macroeconomic statistics from Germany, Report informs referring to trading data.

The euro fell to $1.1707 against the dollar from $1.1717 per euro at the previous close. The dollar rose to 147.22 yen from the previous close of 146.95 yen per dollar.

The dollar index (the exchange rate against a basket of currencies of six US trading partners) rose by 0.13% to 97.85 points.

Later on Monday, the Ifo research institute will publish data on the business climate index in Germany. It is forecast that the indicator in August remained at the July level of 88.6 points.

After the opening of trading in the US, statistics on new home sales in the country in July will be published. Analysts predict an increase to 630,000 transactions from 627,000 in June.

Traders are also awaiting a second estimate of US GDP in the second quarter this week.

The first estimate, released in late July, showed the country's economy growing at 3% on an annualized basis (if GDP had grown at that rate for four consecutive quarters).