Investing.com - The euro was slightly lower against the dollar on Tuesday as investors continued to fret over the political impasse in Washington and the threat of a U.S. sovereign default.
EUR/USD hit 1.3558 during European afternoon trade, the session low; the pair subsequently consolidated at 1.3573, dipping 0.04%.
The pair was likely to find support at 1.3537, the low of October 4 and resistance at 1.3631, the high of October 4 and an almost eight-month high.
The dollar found some support after President Barack Obama repeated Monday that he is willing to negotiate with congressional Republicans on a range of topics, including healthcare and energy policy, but only after the government is reopened.
President Obama also called on Congress to raise the government borrowing limit ahead of the October 17 deadline, when the Treasury Department has estimated the U.S. government will not have enough cash to pay its bills.
The single currency shrugged off data showing that German factory orders unexpectedly fell 0.3% in August, following a 1.9% drop in July. Analysts had been expecting a gain of 1.2%.
Elsewhere, the euro was slid lower against the pound, with EUR/GBP losing 0.12% to trade at 0.8426 and was higher against the yen, with EUR/JPY advancing 0.34% to 131.77.
The International Monetary Fund was due to release its latest World Economic Outlook later in the trading day.
EUR/USD hit 1.3558 during European afternoon trade, the session low; the pair subsequently consolidated at 1.3573, dipping 0.04%.
The pair was likely to find support at 1.3537, the low of October 4 and resistance at 1.3631, the high of October 4 and an almost eight-month high.
The dollar found some support after President Barack Obama repeated Monday that he is willing to negotiate with congressional Republicans on a range of topics, including healthcare and energy policy, but only after the government is reopened.
President Obama also called on Congress to raise the government borrowing limit ahead of the October 17 deadline, when the Treasury Department has estimated the U.S. government will not have enough cash to pay its bills.
The single currency shrugged off data showing that German factory orders unexpectedly fell 0.3% in August, following a 1.9% drop in July. Analysts had been expecting a gain of 1.2%.
Elsewhere, the euro was slid lower against the pound, with EUR/GBP losing 0.12% to trade at 0.8426 and was higher against the yen, with EUR/JPY advancing 0.34% to 131.77.
The International Monetary Fund was due to release its latest World Economic Outlook later in the trading day.