London - The euro fell for the first time in three days versus the dollar as traders refrained from adding fresh long positions ahead of barriers at $1.1850.
Europe’s shared currency stayed lower after data showed eurozone gross domestic product rose 0.6% in the second quarter, after increasing 0.5% in the first three months of the year.
Barriers in the euro-dollar pair are seen at $1.1850, according to a London-based trader who asked not to be identified because the person isn’t allowed to speak publicly. The flows are light amid summer break in Europe, he added.
Real-money accounts have been taking profit on their long euro positions after buying non-stop in the past few weeks, according to a trader at a hedge fund in the Middle East, who asked not to be identified as the person was not allowed to speak publicly.
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