Investing.com – The euro trimmed losses against the U.S. dollar on Thursday, after official data showed that the number of people who filed for unemployment assistance in the U.S. rose more-than-expected last week.
EUR/USD clawed up from 1.3085, the pair’s lowest since December 27, to hit 1.3117 during European afternoon trade, shedding 0.24%.
The pair was likely to find support at 1.297, the low of December 1 and an 11-week low and resistance at 1.3238, the high of December 29.
The Department of Labor said the number of individuals filing for initial jobless benefits in the week ending January 1 rose to 409K, more than the forecast 405K increase.
Continuing jobless claims fell less-than-expected, decreasing to 4.1 million, compared to 4.15 million in the preceding week. Analysts had expected continuing jobless claims to fall to 4.07 million.
Meanwhile, the euro was also down against the pound, with EUR/GBP shedding 0.21% to hit 0.8456.
Earlier Thursday, official data showed that retail sales across the euro zone fell unexpectedly in November as weak consumer demand in countries like Spain and Ireland outweighed strength in France and elsewhere.
EUR/USD clawed up from 1.3085, the pair’s lowest since December 27, to hit 1.3117 during European afternoon trade, shedding 0.24%.
The pair was likely to find support at 1.297, the low of December 1 and an 11-week low and resistance at 1.3238, the high of December 29.
The Department of Labor said the number of individuals filing for initial jobless benefits in the week ending January 1 rose to 409K, more than the forecast 405K increase.
Continuing jobless claims fell less-than-expected, decreasing to 4.1 million, compared to 4.15 million in the preceding week. Analysts had expected continuing jobless claims to fall to 4.07 million.
Meanwhile, the euro was also down against the pound, with EUR/GBP shedding 0.21% to hit 0.8456.
Earlier Thursday, official data showed that retail sales across the euro zone fell unexpectedly in November as weak consumer demand in countries like Spain and Ireland outweighed strength in France and elsewhere.