Investing.com - The euro erased gains against the U.S. dollar on Thursday, pulling away from five-week highs, after the European Central Bank left interest rates unchanged.
EUR/USD pulled away from 1.3640, the pair's highest since October 31, to hit 1.3589 during European afternoon trade, down 0.04%.
The pair was likely to find support at 1.3524, the low of December 3 and resistance at 1.3682, the high of October 17.
In a widely expected move, the ECB held its benchmark interest rate at 0.25%.
Investors were now waiting for comments by ECB President Mario Draghi for further indications on the central bank's future policy moves.
Meanwhile, investors were eyeing the release of a U.S. economic growth data later Thursday as well as a jobs report on Friday, after a string of positive data over the week added to expectations the Federal Reserve will soon begin tapering its montly asset purchases.
The euro was higher against the pound, with EUR/GBP rising 0.23% to 0.8317.
Also Thursday, the Bank of England's monetary policy committee voted to leave rates on hold at 0.5% and made no changes to the GBP375 billion quantitative easing stimulus package.
The announcement came after U.K. Chancellor of the Exchequer George Oborne said, in his Autumn Forecast Statement, that "Britain's economic plan is working", and he raised growth forecasts to 1.4% this year and 2.4% in 2014.
Later in the day, the U.S. was to publish a revised estimate of third quarter gross domestic product, as well as the weekly report on initial jobless claims and data on factory orders.
EUR/USD pulled away from 1.3640, the pair's highest since October 31, to hit 1.3589 during European afternoon trade, down 0.04%.
The pair was likely to find support at 1.3524, the low of December 3 and resistance at 1.3682, the high of October 17.
In a widely expected move, the ECB held its benchmark interest rate at 0.25%.
Investors were now waiting for comments by ECB President Mario Draghi for further indications on the central bank's future policy moves.
Meanwhile, investors were eyeing the release of a U.S. economic growth data later Thursday as well as a jobs report on Friday, after a string of positive data over the week added to expectations the Federal Reserve will soon begin tapering its montly asset purchases.
The euro was higher against the pound, with EUR/GBP rising 0.23% to 0.8317.
Also Thursday, the Bank of England's monetary policy committee voted to leave rates on hold at 0.5% and made no changes to the GBP375 billion quantitative easing stimulus package.
The announcement came after U.K. Chancellor of the Exchequer George Oborne said, in his Autumn Forecast Statement, that "Britain's economic plan is working", and he raised growth forecasts to 1.4% this year and 2.4% in 2014.
Later in the day, the U.S. was to publish a revised estimate of third quarter gross domestic product, as well as the weekly report on initial jobless claims and data on factory orders.