Investing.com - The euro extended losses against the U.S. dollar on Friday, after the release of disappointing manufacturing data from Spain and Italy, while investors remained cautious ahead of a key U.S. employment report later in the day.
EUR/USD hit 1.2889 during European morning trade, the pair's lowest since October 30; the pair subsequently consolidated at 1.2893, shedding 0.37%.
The pair was likely to find support 1.2824, the low of October 11 and resistance at 1.2982, Thursday's high.
Markit research group said that Spain's manufacturing purchasing managers' index fell more-than-expected in October, ticking down to 43.5 from a reading 0f 44.6 the previous month.
Analysts had expected the manufacturing PMI to fall to 44.0 in October.
Separately, Italy's manufacturing PMI fell to 45.50 last month, from 45.70 in September, disappointing expectations for a reading of 45.90.
Meanwhile, investors remained cautious amid uncertainty over when Spain may request a bailout and whether Greece will secure the next tranche of its bailout funding.
Elsewhere, the euro was lower against the pound with EUR/GBP falling 0.12%, to hit 0.8014.
Later in the day, the U.S. was to produce a government report on nonfarm payrolls, as well as data on the unemployment rate, followed by official data on average earnings and factory orders.
EUR/USD hit 1.2889 during European morning trade, the pair's lowest since October 30; the pair subsequently consolidated at 1.2893, shedding 0.37%.
The pair was likely to find support 1.2824, the low of October 11 and resistance at 1.2982, Thursday's high.
Markit research group said that Spain's manufacturing purchasing managers' index fell more-than-expected in October, ticking down to 43.5 from a reading 0f 44.6 the previous month.
Analysts had expected the manufacturing PMI to fall to 44.0 in October.
Separately, Italy's manufacturing PMI fell to 45.50 last month, from 45.70 in September, disappointing expectations for a reading of 45.90.
Meanwhile, investors remained cautious amid uncertainty over when Spain may request a bailout and whether Greece will secure the next tranche of its bailout funding.
Elsewhere, the euro was lower against the pound with EUR/GBP falling 0.12%, to hit 0.8014.
Later in the day, the U.S. was to produce a government report on nonfarm payrolls, as well as data on the unemployment rate, followed by official data on average earnings and factory orders.