Investing.com - The euro dropped against the U.S. dollar on Friday, after weak U.S. data as disappointing euro zone third quarter growth data continued to weigh on the single currency.
EUR/USD hit 1.0718 during U.S. morning trade, the session low; the pair subsequently consolidated at 1.0737, retreating 0.72%.
The pair was likely to find support at 1.0672, the low of November 10 and resistance at 1.0829, Thursday's high.
Official data earlier showed that euro zone gross domestic product rose 0.3% in the third quarter, missing expectations for a 0.4% gain, after a growth rate of 0.4% in the previous quarter.
Another report showed that German GDP rose 0.3% in the third quarter, in line with expectations and down from the previous quarter's growth rate of 0.4%.
French GDP also rose 0.3% in the three months to September, in line with expectations.
In the U.S., data showed that retail sales ticked up 0.1% in October, compared to expectations for a 0.3% rise, after a 0.1% gain the previous month.
Core retail sales, which exclude automobiles, increased by 0.2%, disappointing expectations for a 0.4% gain.
Data also showed that U.S. producer price inflation fell 0.4% last month, confounding expectations for a 0.2% rise, after a 0.5% decline in September.
The euro was also lower against the pound, with EUR/GBP dropping 0.59% to 0.7062.