Investing.com - The Euro was lower against the U.S. Dollar on Friday after the release of euro zone data on PPI.
EUR/USD was trading at 1.3258, down 0.41% at time of writing.
The pair was likely to find support at 1.3240, today’s low, and resistance at 1.3486, Wednesday’s high.
Earlier in the day, official data showed that Euro zone producer price inflation rose more-than-expected to a seasonally adjusted 0.7% last month from -0.2% in the preceding month.
Analysts had expected Euro zone PPI to rise 0.5% last month.
Meanwhile, the Euro was down against the British Pound and up against the Japanese Yen, with EUR/GBP shedding 0.25% to hit 0.8321 and EUR/JPY rising 0.05% to hit 108.03.
EUR/USD was trading at 1.3258, down 0.41% at time of writing.
The pair was likely to find support at 1.3240, today’s low, and resistance at 1.3486, Wednesday’s high.
Earlier in the day, official data showed that Euro zone producer price inflation rose more-than-expected to a seasonally adjusted 0.7% last month from -0.2% in the preceding month.
Analysts had expected Euro zone PPI to rise 0.5% last month.
Meanwhile, the Euro was down against the British Pound and up against the Japanese Yen, with EUR/GBP shedding 0.25% to hit 0.8321 and EUR/JPY rising 0.05% to hit 108.03.