The euro was little changed against the U.S. dollar in light trade on
Friday, after positive U.S. consumer sentiment data sparked optimism
over a strong economic recovery, although uncertainty over the future of
the Federal Reserve's stimulus program persisted.
EUR/USD hit 1.3296 during U.S. morning trade, the session high; the pair subsequently consolidated at 1.3268, easing up 0.02%.
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.
In a report, the University of Michigan said its index of consumer sentiment rose more-than-expected in July, ticking up to 85.1 from a reading of 83.9 the previous month.
Analysts had expected the index to rise to 84.0 this month.
The report also said that inflation expectations fell to 3.1% this month, from 3.3% in June.
The data came as investors were speculating over whether the Fed will begin to scale back its asset purchase program before the end of the year.
The euro was fractionally lower against the pound with EUR/GBP dipping 0.07%, to hit 0.8625.
EUR/USD hit 1.3296 during U.S. morning trade, the session high; the pair subsequently consolidated at 1.3268, easing up 0.02%.
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.
In a report, the University of Michigan said its index of consumer sentiment rose more-than-expected in July, ticking up to 85.1 from a reading of 83.9 the previous month.
Analysts had expected the index to rise to 84.0 this month.
The report also said that inflation expectations fell to 3.1% this month, from 3.3% in June.
The data came as investors were speculating over whether the Fed will begin to scale back its asset purchase program before the end of the year.
The euro was fractionally lower against the pound with EUR/GBP dipping 0.07%, to hit 0.8625.
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