Investing.com - The euro edged lower against the U.S. dollar on Friday, as positive U.S. data added to optimism over the strength of the economy, lending broad support to the greenback.
EUR/USD hit 1.1335 during U.S. morning trade, the pair's lowest since October 9; the pair subsequently consolidated at 1.1365, slipping 0.19%.
The pair was likely to find support at 1.1265, the low of October 9 and resistance at 1.1489, the high of October 14 and a one-and-a-half month peak.
In a preliminary report, the University of Michigan said its consumer sentiment index rose to 92.1 this month from a reading of 87.2 in September. Analysts had expected the index to rise to 89.0 in October.
The report came after data showed that industrial production fell 0.2% last month, in line with expectations. Industrial production ticked down 0.1% in August, whose figure was revised from a previously estimated 0.4% drop.
Data also showed that U.S. manufacturing production slipped 0.1% in September, compared to expectations for a 0.2% fall. Manufacturing production declined 0.4% in August, whose figure was revised from a previously estimated 0.5% slide.
The euro was fractionally lower against the pound, with EUR/GBP down 0.08% at 0.7356.
In the euro zone, Eurostat said the consumer price index rose 0.2%, in line with expectations and up from an initial estimate of 0.0%.