Investing.com - The euro fell against the dollar on Thursday after Spain reportedly held off on anticipated plans to request a sovereign bailout until the continent's policy conditions become clear.
In the U.S. weekly jobless claims came in slightly higher than expected while personal spending data met expectations, though the dollar gained in edgy trading ahead of Federal Reserve Chairman Ben Bernanke's speech on Friday at the U.S. central bank's symposium in Jackson Hole, Wyoming.
In U.S. trading on Thursday, EUR/USD was trading down 0.26% at 1.2498, up from a low of 1.2488 and off from a high of 1.2564.
The pair was likely to find support at 1.2466, Tuesday’s low, and resistance at 1.2576, Tuesday's high.
Spanish Prime Minister Mariano Rajoy is whispered to be ready to ask for bailout assistance though reports emerged that he will delay the request until lending and policy conditions clear up.
A court in Germany is mulling whether the country's participation in bailout packages breaks the law while the continent is waiting to see whether the European Central Bank will roll out a bond-buying plan to lower borrowing costs in countries such as Spain and Italy.
Meanwhile, the Spanish government of Valencia signaled it may need financial assistance from Madrid, which will need addressing before the country's seeks aid of its own.
Also on Thursday, Chinese Premier Wen Jiabao warned that the eurozone crisis was getting worse though he said China would to continue to buy eurozone government bonds after fully evaluating all risks.
Elsewhere in the U.S., the markets are waiting for Bernanke to deliver a speech on Friday at the Jackson Hole symposium, where he has telegraphed monetary policy moves in the past.
The dollar has traded higher in previous sessions on the belief that the Fed won't announce plans to roll out a new round of quantitative easing at least not this week, though confidence in such notions was weak.
Currency markets shrugged off initial jobless claims out of the U.S. earlier.
The Labor Department earlier reported that the number of people who filed for unemployment assistance in the U.S. last week held steady at 374,000, compared to expectations for a decline of 4,000.
A separate report showed that personal income in the U.S. rose by 0.3% in July, which matched forecasts, after rising by a revised 0.3% in June.
Personal spending rose 0.4%, in line with expectations after a flat reading in June.
The euro, meanwhile, was up against the pound and down against the yen, with EUR/GBP up 0.09% at 0.7921, and EUR/JPY trading down 0.45% at 98.18.
Investors are keeping an eye ahead for Friday, when Fed Chairman Bernanke will speak at the U.S. central bank's annual symposium at Jackson Hole, Wyoming.
In the U.S. weekly jobless claims came in slightly higher than expected while personal spending data met expectations, though the dollar gained in edgy trading ahead of Federal Reserve Chairman Ben Bernanke's speech on Friday at the U.S. central bank's symposium in Jackson Hole, Wyoming.
In U.S. trading on Thursday, EUR/USD was trading down 0.26% at 1.2498, up from a low of 1.2488 and off from a high of 1.2564.
The pair was likely to find support at 1.2466, Tuesday’s low, and resistance at 1.2576, Tuesday's high.
Spanish Prime Minister Mariano Rajoy is whispered to be ready to ask for bailout assistance though reports emerged that he will delay the request until lending and policy conditions clear up.
A court in Germany is mulling whether the country's participation in bailout packages breaks the law while the continent is waiting to see whether the European Central Bank will roll out a bond-buying plan to lower borrowing costs in countries such as Spain and Italy.
Meanwhile, the Spanish government of Valencia signaled it may need financial assistance from Madrid, which will need addressing before the country's seeks aid of its own.
Also on Thursday, Chinese Premier Wen Jiabao warned that the eurozone crisis was getting worse though he said China would to continue to buy eurozone government bonds after fully evaluating all risks.
Elsewhere in the U.S., the markets are waiting for Bernanke to deliver a speech on Friday at the Jackson Hole symposium, where he has telegraphed monetary policy moves in the past.
The dollar has traded higher in previous sessions on the belief that the Fed won't announce plans to roll out a new round of quantitative easing at least not this week, though confidence in such notions was weak.
Currency markets shrugged off initial jobless claims out of the U.S. earlier.
The Labor Department earlier reported that the number of people who filed for unemployment assistance in the U.S. last week held steady at 374,000, compared to expectations for a decline of 4,000.
A separate report showed that personal income in the U.S. rose by 0.3% in July, which matched forecasts, after rising by a revised 0.3% in June.
Personal spending rose 0.4%, in line with expectations after a flat reading in June.
The euro, meanwhile, was up against the pound and down against the yen, with EUR/GBP up 0.09% at 0.7921, and EUR/JPY trading down 0.45% at 98.18.
Investors are keeping an eye ahead for Friday, when Fed Chairman Bernanke will speak at the U.S. central bank's annual symposium at Jackson Hole, Wyoming.