Investing.com - The euro erased gains against the U.S. dollar on Friday, as data showing a rise in U.S. nonfarm payrolls last month, albeit less important than expected, lent broad support to the greenback.
EUR/USD pulled away from 1.0973, the session high, to hit 1.0880 during U.S. morning trade, declining 0.39%.
The pair was likely to find support at 1.0846, the low of August 5 and resistance at 1.0973, the session high.
The Labor Departments reported on Friday that the U.S. economy added 215,000 jobs last month, below expectations for an increase of 223,000. The report showed that 231,000 jobs were created in June, whose figure was revised from a previously estimated 223,000 gain.
The U.S. unemployment rate remained unchanged at 5.3% in July, in line with expectations.
Data also showed that U.S. average hourly earnings rose 0.2% last month, in line with expectations, after a flat reading in June.
The euro was fractionally higher against the pound, with EUR/GBP up 0.08% at 0.7048.
Sterling showed little reaction to report by the Office for National Statistics on Friday showing that the U.K. trade deficit widened to £9.18 billion in June from £8.42 billion in May, whose figure was revised from a previously estimated deficit of £8.00 billion.
Analysts had expected the trade deficit to widen to £9.30 billion in June.