During early deals on Friday, the European currency traded down against its major counterparts. The euro declined to a 15-day low versus the Japanese yen, 8-day low against the British pound and a 2-day low versus the US dollar.
Adding to euro's downward pressure, a report showed that German retail sales fell more than expected in June. German retail sales declined 3.9% year-on-year in real terms in June, much greater than the 0.8% slump expected by economists. The decline is in contrast to a 1% increase in May, revised up from the initially reported 0.7%. In nominal terms the increase was 1.2% in June compared to a 3.8% rise in the previous month.
Against the US dollar, the European currency traded down in early deals on Friday. At about 1:25 am ET, the euro-dollar pair touched a 2-day low of 1.5552, compared to 1.5605 hit late New York Thursday.
The European single currency declined to an 8-day low of 0.7850 against the British pound at about 1:15 am Eastern Time Friday. The euro-sterling pair closed Thursday's North American session at 0.7867.
Against the Swiss franc, the euro is currently trading at 1.6326, down from Thursday's close of 1.6339.
The European currency showed weakness against the Japanese yen in early deals on Thursday. At about 1:40 am Eastern Time, the euro-yen pair slipped to 167.33, down from yesterday's close of 168.42. This set a 15- day low for the pair.
Looking ahead, the manufacturing PMI reports from Germany, France, Italy and the Euro-zone for the month of July are expected in the upcoming hours.
The PMI for UK manufacturing industry is due at 4.30 am ET. Economists are expecting a reading of 45.5.
Across the Atlantic, the US change in nonfarm payrolls, unemployment rate, ISM manufacturing and construction spending reports are scheduled to be released.
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