Mubasher: The euro fell against the dollar on Tuesday after German manufacturing data came in weak and ahead of a speech by European Central Bank (ECB) president Mario Draghi.

By 8:12 am GMT, the EUR/USD was down 0.17% to $1.1590, while EUR/GBP was near stable, slipping 0.05% to GBP 0.8810.

German industrial production fell by 1.6% in September, exceeding estimates as analysts had forecast a decline of 0.7%.

Most of Germany’s industrial activities saw declines, with industrial production, which excludes energy and construction, falling 1.6%, while capital goods fell 2.6%.

Retail sales for the Eurozone is set to revealed later on Tuesday, while ECB president Mario Draghi is set to give a speech in Frankfurt.