Latest data released by GfK - 26 October 2018

The reading measures the level of consumer confidence in economic activity. Consumer confidence holds steady from October and that won't add too much to the current backdrop for the euro and the German economy.

With the ECB out of the way and a flagging German economic outlook alongside Italy's budget worries casting dark clouds over the single currency, the bias is still for the euro to move towards the year's lows against the dollar at this point.