Investing.com - The euro extended its decline against the U.S. dollar on Thursday, hitting a 4-day low in the wake of a flurry of upbeat U.S. economic data.
EUR/USD plummeted to 1.3549 shortly before the start of the European trading session, more than 230 pips below Wednesday's high, 1.3788, where it was likely to find resistance.
The pair was likely to find immediate support at 1.3531, last Friday's low and an 8-month low, after which the next support level was likely to be around 1.3423, the low of May 18.
The euro also fell against the yen, with EUR/JPY shedding 0.73% to hit 123.25.
On Wednesday, the United States released positive data on housing starts, industrial production, import prices and the federal budget balance.
Meanwhile, the U.S. Department of Labor was set to publish on Thursday the latest data on jobless claims, a key measure of the job market's health.