Investing.com - The euro fell to fresh session lows against the dollar on Wednesday, as concerns over a possible U.S. strike against Syria’s government continued to support safe haven demand.
EUR/USD hit 1.3336 during European afternoon trade, the session low; the pair subsequently consolidated at 1.3344, shedding 0.36%.
The pair was likely to find support at 1.3300 and resistance at 1.3396, the session high.
Market sentiment was hit by growing indications that the U.S. and its allies are preparing to launch a military intervention against the Syrian government following the alleged use of chemical weapons.
U.S. Vice-President Joe Biden said Tuesday there was "no doubt" that the Syrian government used chemical weapons against civilians and that it must be held accountable.
Meanwhile, concerns over the timing of a reduction in Federal Reserve stimulus eased after data on Tuesday showed that U.S. consumer confidence rose more than expected in August, hitting the highest level since January 2008.
The euro was higher against the pound, with EUR/GBP rising 0.24% to 0.8635 and was steady against the yen, with EUR/JPY inching up 0.03% to 129.97.
The U.S. was to release data on pending home sales later Wednesday.
EUR/USD hit 1.3336 during European afternoon trade, the session low; the pair subsequently consolidated at 1.3344, shedding 0.36%.
The pair was likely to find support at 1.3300 and resistance at 1.3396, the session high.
Market sentiment was hit by growing indications that the U.S. and its allies are preparing to launch a military intervention against the Syrian government following the alleged use of chemical weapons.
U.S. Vice-President Joe Biden said Tuesday there was "no doubt" that the Syrian government used chemical weapons against civilians and that it must be held accountable.
Meanwhile, concerns over the timing of a reduction in Federal Reserve stimulus eased after data on Tuesday showed that U.S. consumer confidence rose more than expected in August, hitting the highest level since January 2008.
The euro was higher against the pound, with EUR/GBP rising 0.24% to 0.8635 and was steady against the yen, with EUR/JPY inching up 0.03% to 129.97.
The U.S. was to release data on pending home sales later Wednesday.