The euro plunged below 1.400 against the dollar for the second time in the day on Thursday, after earlier plummeting below the psychological level for the first time since July 15 last year.
Shortly after hitting 1.3995, EUR/USD hovered around 1.4000, shedding 0.15%. The pair is likely to find support at 1.3929, the Asian trading session low. The pair is likely to find resistance around 1.4052, its daily high.
Meanwhile, euro zone consumer confidence held steady from December to January at -16, according to data released by the European Commission on Thursday. The index figure was slightly below market expectation of an improvement to -15.
But the commission’s index of economic sentiment posted a larger-than-forecast gain to 95.7, up from 91.3 the previous month. Analysts had expected a more modest increase of 92.3.