Investing.com – The euro extended gains versus the U.S. dollar on Thursday, testing the 1.24 mark in the wake of disappointing U.S. jobs data and as fears over Europe's debt crisis abated somewhat.
EUR/USD hit 1.2409 during European afternoon trade, a fresh 3-week high; the pair subsequently consolidated around 1.2388, advancing 0.63%.
The pair was likely to find resistance at 1.2563, the high of May 24, and support at 1.2115, the low of June 14.
Earlier in the day, official data showed that the number of workers filing for unemployment benefits unexpectedly rose last week.
Also Thursday, a heavily anticipated Spanish bond auction was oversubscribed, helping to calm fears over the country's debt problems and banking sector.
The euro climbed against the yen, meanwhile, with EUR/JPY rising 0.22% to reach 112.81.
Later Thursday, the Federal Reserve Bank of Philadelphia was due to publish a closely watched report on the manufacturing sector in Philadelphia.
EUR/USD hit 1.2409 during European afternoon trade, a fresh 3-week high; the pair subsequently consolidated around 1.2388, advancing 0.63%.
The pair was likely to find resistance at 1.2563, the high of May 24, and support at 1.2115, the low of June 14.
Earlier in the day, official data showed that the number of workers filing for unemployment benefits unexpectedly rose last week.
Also Thursday, a heavily anticipated Spanish bond auction was oversubscribed, helping to calm fears over the country's debt problems and banking sector.
The euro climbed against the yen, meanwhile, with EUR/JPY rising 0.22% to reach 112.81.
Later Thursday, the Federal Reserve Bank of Philadelphia was due to publish a closely watched report on the manufacturing sector in Philadelphia.