Investing.com - The euro fell to session lows against the dollar on Thursday, amid expectations that U.S. data due for release later in the trading day would indicate that the economic recovery is on track.
EUR/USD hit 1.3243 during European afternoon trade, the lowest since August 15; the pair subsequently consolidated at 1.3256, shedding 0.61%.
The pair was likely to find support at 1.3204, the low of August 15 and resistance at 1.3300.
The dollar was boosted by expectations that positive data on initial jobless claims and U.S. second quarter growth would support the view that the Federal Reserve will start to phase out stimulus measures from next month.
The single currency was pressured lower by speculation that Greece will require a third bailout package in 2014.
Market participants remained cautious amid concerns over an impending U.S.-led military strike against Syria, following the alleged use of chemical weapons.
On Wednesday, President Barack Obama said the U.S. has concluded that the Syrian government carried out a chemical weapons attack near Damascus, but added that he had not yet made a decision about whether to intervene militarily.
The euro was lower against the pound, with EUR/GBP down 0.52% to 0.8546 and was steady against the yen, with EUR/JPY dipping 0.01% to 130.22.
EUR/USD hit 1.3243 during European afternoon trade, the lowest since August 15; the pair subsequently consolidated at 1.3256, shedding 0.61%.
The pair was likely to find support at 1.3204, the low of August 15 and resistance at 1.3300.
The dollar was boosted by expectations that positive data on initial jobless claims and U.S. second quarter growth would support the view that the Federal Reserve will start to phase out stimulus measures from next month.
The single currency was pressured lower by speculation that Greece will require a third bailout package in 2014.
Market participants remained cautious amid concerns over an impending U.S.-led military strike against Syria, following the alleged use of chemical weapons.
On Wednesday, President Barack Obama said the U.S. has concluded that the Syrian government carried out a chemical weapons attack near Damascus, but added that he had not yet made a decision about whether to intervene militarily.
The euro was lower against the pound, with EUR/GBP down 0.52% to 0.8546 and was steady against the yen, with EUR/JPY dipping 0.01% to 130.22.