Investing.com – The euro edged higher against the U.S. dollar on Thursday, as rising tensions in the Middle East and subdued U.S. economic data helped keep a lid on risk appetite.
EUR/USD hit 1.3608 during late Asian trade, the pair’s highest since Monday; the pair subsequently consolidated at 1.3581, easing up 0.08%.
The pair was likely to find support at 1.3461, Wednesday’s low and resistance at 1.3748, the high of February 10.
Late Wednesday, Israel's foreign minister said two Iranian warships planned to sail through the Suez Canal en route to Syria, calling it a "provocation".
The news sparked renewed fears that the regime change in Egypt could make the region unstable. Meanwhile, clashes continued in many countries, including Bahrain.
Elsewhere, the minutes of the Federal Reserve's January policy meeting suggested the bank remained unhappy with the job market's recovery and policymakers intended to see the bond purchasing program, known as QE2 through to completion.
Meanwhile, the euro was down against the pound, with EUR/GBP shedding 0.07% 0.8423.
Later in the day, the U.S. was to publish official data on consumer price inflation and initial jobless claims.
EUR/USD hit 1.3608 during late Asian trade, the pair’s highest since Monday; the pair subsequently consolidated at 1.3581, easing up 0.08%.
The pair was likely to find support at 1.3461, Wednesday’s low and resistance at 1.3748, the high of February 10.
Late Wednesday, Israel's foreign minister said two Iranian warships planned to sail through the Suez Canal en route to Syria, calling it a "provocation".
The news sparked renewed fears that the regime change in Egypt could make the region unstable. Meanwhile, clashes continued in many countries, including Bahrain.
Elsewhere, the minutes of the Federal Reserve's January policy meeting suggested the bank remained unhappy with the job market's recovery and policymakers intended to see the bond purchasing program, known as QE2 through to completion.
Meanwhile, the euro was down against the pound, with EUR/GBP shedding 0.07% 0.8423.
Later in the day, the U.S. was to publish official data on consumer price inflation and initial jobless claims.