0738 GMT - The euro falls to a 16-month low against the dollar, extending its recent slide as U.S. interest-rate rise expectations remain elevated. "Yesterday's softer-than-expected August U.S. PCE inflation data barely put a dent in Federal Reserve tightening expectations, perhaps because U.S. activity data continues to come in on the encouraging side," ING's Chris Turner says in a note. Consumer spending data are holding up and there were signs payroll growth is accelerating again in Wednesday's ADP private payrolls report, he says. The euro falls to as low as $1.1287, LSEG data show.
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