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Forex - EUR/USD down on economic data

Published 09/30/2011, 03:00 AM
EUR/USD
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EUR/JPY
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Investing.com - The Euro was lower against the U.S. Dollar on Friday after the release of euro zone data on French Consumer Spending.

EUR/USD was trading at 1.3511, down 0.64% at time of writing.

The pair was likely to find support at 1.3364, Monday’s low, and resistance at 1.3690, Wednesday’s high.

Earlier in the day, official data showed that Consumer spending in France fell unexpectedly to a seasonally adjusted -0.2% last month from 0.9% in the preceding month whose figure was revised down from 1.2%.

Analysts had expected French consumer spending to rise 0.2% last month.

Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.19% to hit 0.8684 and EUR/JPY falling 0.91% to hit 103.54.

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