Investing.com – The euro edged slightly lower against the U.S. dollar on Thursday, as concerns over the region's debt woes and banking sector dented sentiment on the single currency.
EUR/USD hit 1.3537 during European morning trade, the daily low; the pair subsequently consolidated at 1.3559, dipping 0.06%.
The pair was likely to find support at 1.3461, Wednesday’s low and resistance at 1.3748, the high of February 10.
Earlier in the day, Moody's rating agency placed German bank Commerzbank on review for possible downgrade, citing weak earnings.
Meanwhile, the yield on Spanish 10-year bonds rose after the nation sold fewer bonds than targeted. Spain sold EUR1 billion of bonds maturing in 2037 and EUR2.5 billion of bonds due 2020. The debt office had set a target of EUR4 billion.
The euro was also down against the pound, with EUR/GBP shedding 0.26% to hit 0.8406.
Later Thursday, the U.S. was to publish official data on consumer price inflation and initial jobless claims.
EUR/USD hit 1.3537 during European morning trade, the daily low; the pair subsequently consolidated at 1.3559, dipping 0.06%.
The pair was likely to find support at 1.3461, Wednesday’s low and resistance at 1.3748, the high of February 10.
Earlier in the day, Moody's rating agency placed German bank Commerzbank on review for possible downgrade, citing weak earnings.
Meanwhile, the yield on Spanish 10-year bonds rose after the nation sold fewer bonds than targeted. Spain sold EUR1 billion of bonds maturing in 2037 and EUR2.5 billion of bonds due 2020. The debt office had set a target of EUR4 billion.
The euro was also down against the pound, with EUR/GBP shedding 0.26% to hit 0.8406.
Later Thursday, the U.S. was to publish official data on consumer price inflation and initial jobless claims.