Investing.com – The euro eased up against the U.S. dollar on Thursday, as concerns over sovereign debt problems in peripheral euro zone nations eased and ahead of the Group of 20 summit expected to take place later in the day.
EUR/USD hit 1.3819 during European morning trade, a daily high; the pair subsequently consolidated at 1.3787, easing up 0.03%.
The pair was likely to find support at 1.3670, Wednesday’s low, and resistance at 1.3973, the high of November 9.
Concerns over sovereign debt problems in peripheral euro zone nations eased after Portugal’s government successfully auctioned EUR 556 million of bonds due in October 2016, at a yield of 6.156% on Wednesday.
The country also sold EUR 686 million of bonds due in June 2020 at a rate of 6.846%.
Meanwhile, markets were cautious ahead of a key Group of 20 summit expected to take place later in the day in Seoul, South Korea.
Elsewhere, the euro was down against the pound, with EUR/GBP shedding 0.17% to hit 0.8535.
Later in the day, the European Central Bank was to release its monthly bulletin, which gives detailed analysis of current and future economic conditions from the bank's point of view.
EUR/USD hit 1.3819 during European morning trade, a daily high; the pair subsequently consolidated at 1.3787, easing up 0.03%.
The pair was likely to find support at 1.3670, Wednesday’s low, and resistance at 1.3973, the high of November 9.
Concerns over sovereign debt problems in peripheral euro zone nations eased after Portugal’s government successfully auctioned EUR 556 million of bonds due in October 2016, at a yield of 6.156% on Wednesday.
The country also sold EUR 686 million of bonds due in June 2020 at a rate of 6.846%.
Meanwhile, markets were cautious ahead of a key Group of 20 summit expected to take place later in the day in Seoul, South Korea.
Elsewhere, the euro was down against the pound, with EUR/GBP shedding 0.17% to hit 0.8535.
Later in the day, the European Central Bank was to release its monthly bulletin, which gives detailed analysis of current and future economic conditions from the bank's point of view.