Investing.com – The euro approached a daily low against the U.S. dollar on Monday, after earlier hitting a 2-day high as fears over Greece's finances abated and in the wake of upbeat U.S. data.
EUR/USD slid to 1.3631 during late European trade, after falling from 1.3704, its highest rate since Thursday. The pair later consolidated around 1.3642, still gaining 0.13%.
The pair was likely to find resistance at 1.3839, the high of Feb. 9, and support at 1.3434, last Tuesday's low and a 9-month low.
The single European currency's rebound early Monday came after U.S. Labor Department data showed on Friday that employers cut fewer jobs than expected in February, in a sign that the U.S. economy may be strong enough to start creating new jobs soon.
Meanwhile, official data on Monday showed that the number of buildings upon which construction was begun in Canada rose unexpectedly during February.
Also Monday, the Sentix research group said that investor sentiment in the euro zone rose at a faster-than-expected pace in March.
Sentix's closely watched gauge of investor and analyst sentiment rose from -8.2 in February to -7.5 in March, data showed. Economists had expected the tally to rise only to -7.6.