The euro held steady against the U.S. dollar in thin trade on Friday, as
investors remained cautious ahead of the release of U.S. consumer
sentiment data later in the day, amid uncertainty over the future of the
Federal Reserve's stimulus program.
EUR/USD hit 1.3260 during European afternoon trade, the session low; the pair subsequently consolidated at 1.3268, easing 0.07%.
The pair was likely to find support at 1.3177, the low of July 24 and resistance at 1.3318, the high of June 11.
Markets were jittery after the release of mixed U.S. data on initial jobless claims and durable goods orders on Thursday fuelled uncertainty over whether the Fed will start to scale back its bond buying program later this year.
The Labor Department said the number of individuals filing for initial jobless benefits last week increased by 7,000 to a seasonally adjusted 343,000, compared to expectations for an increase of 6,000 to 340,000.
The Commerce Department said orders for long lasting manufactured goods rose by a seasonally adjusted 4.2% in June, compared to expectations for an increase of 1.3%.
Durable goods for May were revised to a 5.2% gain from a previously reported 3.7% increase.
Core durable goods orders, which exclude volatile transportation items, were flat in June, compared to expectations for a 0.5% increase.
The euro was lower against the pound with EUR/GBP shedding 0.25%, to hit 0.8610.
Later in the day, the U.S. was to produce revised data on consumer sentiment from the University of Michigan.
EUR/USD hit 1.3260 during European afternoon trade, the session low; the pair subsequently consolidated at 1.3268, easing 0.07%.
The pair was likely to find support at 1.3177, the low of July 24 and resistance at 1.3318, the high of June 11.
Markets were jittery after the release of mixed U.S. data on initial jobless claims and durable goods orders on Thursday fuelled uncertainty over whether the Fed will start to scale back its bond buying program later this year.
The Labor Department said the number of individuals filing for initial jobless benefits last week increased by 7,000 to a seasonally adjusted 343,000, compared to expectations for an increase of 6,000 to 340,000.
The Commerce Department said orders for long lasting manufactured goods rose by a seasonally adjusted 4.2% in June, compared to expectations for an increase of 1.3%.
Durable goods for May were revised to a 5.2% gain from a previously reported 3.7% increase.
Core durable goods orders, which exclude volatile transportation items, were flat in June, compared to expectations for a 0.5% increase.
The euro was lower against the pound with EUR/GBP shedding 0.25%, to hit 0.8610.
Later in the day, the U.S. was to produce revised data on consumer sentiment from the University of Michigan.
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