Investing.com - The euro rose against the dollar on Thursday after the European Central Bank concluded a policy meeting leaving rates unchanged and added it would not introduce fresh stimulus measures.
Strong U.S. economic indicators failed to give the dollar support against the single currency in early afternoon trading.
In U.S. trading on Thursday, EUR/USD was up 0.53% at 1.3665, up from a session low of 1.3544 and off from a high of 1.3675.
The pair was likely to find support at 1.3524, Tuesday's low, and resistance at 1.3818, the high from Oct. 28.
The ECB announced earlier it was its holding benchmark interest rate at 0.25%, as expected.
European Central Bank President Mario Draghi said monetary policy will remain accommodative for as long as necessary and added that interest rates are likely to remain at current or lower levels for an extended period of time.
Still, Draghi gave no indication over whether or not the ECB will introduce negative interest rates, which sent the euro rising over the greenback despite better-than-expected growth and jobs data out of the U.S.
U.S. gross domestic product increased at a seasonally adjusted annual rate of 3.6% in the three months to September, well above expectations for growth of 3.0% and up from a preliminary estimate of 2.8%, according to Commerce Department data released earlier.
Separately, the U.S. Department of Labor said the number of individuals filing for initial jobless benefits last week fell by 23,000 to a seasonally adjusted 298,000 from 321,000 in the previous week, whose figure was revised up from 316,000.
Analysts had expected initial jobless claims to rise to 325,000 last week.
Government data also showed that U.S. factory orders fell 0.9% in October, less than the expected 1% decline after an upwardly revised 1.8% increase the previous month.
The numbers kept expectations going that the Federal Reserve remains on course to begin tapering its USD85 billion in monthly asset purchases in early 2014.
Bond purchases tend to weaken the dollar by driving down long-term interest rates to boost the economy, and talk of their dismantling often bolsters the U.S. currency.
The single currency was up against the pound and up against the yen, with EUR/GBP trading up 0.87% at 0.8370 and EUR/JPY trading up 0.05% at 139.23.
Earlier in the day, the Bank of England's monetary policy committee voted to leave rates on hold at 0.5% and made no changes to its GBP375 billion quantitative easing stimulus package.
On Friday, markets will move on the release of the U.S. November jobs report and also on the Thomson Reuters/University of Michigan preliminary consumer sentiment index.
Strong U.S. economic indicators failed to give the dollar support against the single currency in early afternoon trading.
In U.S. trading on Thursday, EUR/USD was up 0.53% at 1.3665, up from a session low of 1.3544 and off from a high of 1.3675.
The pair was likely to find support at 1.3524, Tuesday's low, and resistance at 1.3818, the high from Oct. 28.
The ECB announced earlier it was its holding benchmark interest rate at 0.25%, as expected.
European Central Bank President Mario Draghi said monetary policy will remain accommodative for as long as necessary and added that interest rates are likely to remain at current or lower levels for an extended period of time.
Still, Draghi gave no indication over whether or not the ECB will introduce negative interest rates, which sent the euro rising over the greenback despite better-than-expected growth and jobs data out of the U.S.
U.S. gross domestic product increased at a seasonally adjusted annual rate of 3.6% in the three months to September, well above expectations for growth of 3.0% and up from a preliminary estimate of 2.8%, according to Commerce Department data released earlier.
Separately, the U.S. Department of Labor said the number of individuals filing for initial jobless benefits last week fell by 23,000 to a seasonally adjusted 298,000 from 321,000 in the previous week, whose figure was revised up from 316,000.
Analysts had expected initial jobless claims to rise to 325,000 last week.
Government data also showed that U.S. factory orders fell 0.9% in October, less than the expected 1% decline after an upwardly revised 1.8% increase the previous month.
The numbers kept expectations going that the Federal Reserve remains on course to begin tapering its USD85 billion in monthly asset purchases in early 2014.
Bond purchases tend to weaken the dollar by driving down long-term interest rates to boost the economy, and talk of their dismantling often bolsters the U.S. currency.
The single currency was up against the pound and up against the yen, with EUR/GBP trading up 0.87% at 0.8370 and EUR/JPY trading up 0.05% at 139.23.
Earlier in the day, the Bank of England's monetary policy committee voted to leave rates on hold at 0.5% and made no changes to its GBP375 billion quantitative easing stimulus package.
On Friday, markets will move on the release of the U.S. November jobs report and also on the Thomson Reuters/University of Michigan preliminary consumer sentiment index.