Investing.com – The euro eased slightly higher against the U.S. dollar on Wednesday despite negative euro zone economic news and German summit skepticism.
EUR/USD hit a high of 1.3454 during early U.S. trade, subsequently falling to a low of 1.3352, prior to launching the current assault on the daily high, up 0.19%.
EUR/USD hit a high of 1.3454 during early U.S. trade, subsequently falling to a low of 1.3352, prior to launching the current assault on the daily high, up 0.19%.
The pair was likely to find support at 1.3373 and resistance exists at 1.3454, the session\'s high.
Although investors remain cautiously optimistic about the upcoming European Union summit, Germany has made its skepticism clear casting fear into the euro.
However, France remains optimistic about Friday\'s summit.On Thursday, the European Central Bank was widely expected to cut interest rates by 25 basis points to a record low of 1%.
The euro was slightly lower against the pound, with EUR/GBP giving back 0.58% to hit 0.8542.Earlier, the MBA Mortgage Application figure positively surprised in the United States.