Investing.com - The euro was lower against the U.S. dollar on Thursday, as investors remained catious ahead of the European Central Bank's policy statement and U.S. jobs data later in the day.
EUR/USD hit 1.3163 during late Asian trade, the session low; the pair subsequently consolidated at 1.3175, shedding 0.24%.
The pair was likely to find support at 1.3090, the low of July 19 and resistance at 1.3255, the high of August 30.
The euro remained under pressure amid expectations that the ECB will reiterate its pledge to keep rates on hold following its policy meeting.
Meanwhile, the dollar remained supported after upbeat U.S. manufacturing data on Tuesday reinforced expectations that the Federal Reserve could start to phase out stimulus measures as soon as this month.
Separately, markets were jittery after top congressional leaders, including Republican House Speaker John Boehner and Democrat Nancy Pelosi said they would back President Obama's call for military intervention in Syria.
The euro was also lower against the pound with EUR/GBP edging down 0.12%, to hit 0.8442.
Later in the day, Germany was to publish government data on factory orders. The ECB was to announce its benchmark interest rate, followed by a closely watched press conference with President Mario Draghi.
The U.S. was to release the ADP nonfarm payrolls report on private sector job creation, as well as the weekly government report on initial jobless claims. In addition, the ISM was to release data on non-manufacturing activity in the U.S.
EUR/USD hit 1.3163 during late Asian trade, the session low; the pair subsequently consolidated at 1.3175, shedding 0.24%.
The pair was likely to find support at 1.3090, the low of July 19 and resistance at 1.3255, the high of August 30.
The euro remained under pressure amid expectations that the ECB will reiterate its pledge to keep rates on hold following its policy meeting.
Meanwhile, the dollar remained supported after upbeat U.S. manufacturing data on Tuesday reinforced expectations that the Federal Reserve could start to phase out stimulus measures as soon as this month.
Separately, markets were jittery after top congressional leaders, including Republican House Speaker John Boehner and Democrat Nancy Pelosi said they would back President Obama's call for military intervention in Syria.
The euro was also lower against the pound with EUR/GBP edging down 0.12%, to hit 0.8442.
Later in the day, Germany was to publish government data on factory orders. The ECB was to announce its benchmark interest rate, followed by a closely watched press conference with President Mario Draghi.
The U.S. was to release the ADP nonfarm payrolls report on private sector job creation, as well as the weekly government report on initial jobless claims. In addition, the ISM was to release data on non-manufacturing activity in the U.S.