Euro declined in European trade against a basket of major rivals, moving off two-week highs against dollar and on track for the first loss in four days ahead of major European data in August.
Such data showcases the degree of inflationary pressures on the ECB, and will help determine the likely path ahead for monetary policies.
EUR/USD fell 0.3% to 1.0889, with a session-high at 1.0939, after rising 0.4% on Wednesday, the third profit in a row, with a two-week high at 1.0945, after strong consumer prices data in Germany and Spain.
Such data showed inflation in both countries barely slowed down in August, bolstering the case fore another interest rate hike by the European Central Bank next month.
Major Inflation Data
Now investors await full consumer prices data for the whole euro zone in August, which will show the likely path for ECB policies this year.
Euro zone consumer prices are expected up 5.1% in August, down from 5.3% in July.
European Central Bank President Christine Lagarde recently opened the way for another interest rate hike in September depending on the data.
