Investing.com - The euro firmed against the dollar on Friday after a widely-watched barometer of Germany business confidence beat expectations.
In U.S. trading on Friday, EUR/USD was up 0.41% at 1.3535, up from a session low of 1.3463 and off from a high of 1.3539.
The pair was likely to find support at 1.3399, Thursday's low, and resistance at 1.3578, Tuesday's high.
The euro advanced after the Ifo Institute for Economic Research reported earlier that Germany's business climate index rose to a 19-month high of 109.3 in November from 107.4 in October.
Analysts were expecting the index to rise to 107.7 this month, and the better-than-expected reading sparked hopes for a more robust Germany recovery.
Also in Germany, data revealed the country's gross domestic product expanded 0.3% in the third quarter, in line with expectations.
The euro saw added demand after European Central Bank President Mario Draghi on Thursday downplayed recent media reports that monetary authorities were considering cutting deposit rates into negative territory.
The dollar, meanwhile, continued to see support after Department of Labor said on Thursday that the number of individuals filing for initial jobless benefits in the U.S. last week fell by 21,000 to a seasonally adjusted 323,000, beating expectations for a decline of 9,000.
Separate government data revealed that the U.S. producer price index declined 0.2% in October, in line with expectations, while the country's core PPI rose 0.2%, beating market calls for a 0.1% gain.
The single currency was up against the pound and up against the yen, with EUR/GBP trading up 0.42% at 0.8356 and EUR/JPY trading up 0.48% at 137.03.
In U.S. trading on Friday, EUR/USD was up 0.41% at 1.3535, up from a session low of 1.3463 and off from a high of 1.3539.
The pair was likely to find support at 1.3399, Thursday's low, and resistance at 1.3578, Tuesday's high.
The euro advanced after the Ifo Institute for Economic Research reported earlier that Germany's business climate index rose to a 19-month high of 109.3 in November from 107.4 in October.
Analysts were expecting the index to rise to 107.7 this month, and the better-than-expected reading sparked hopes for a more robust Germany recovery.
Also in Germany, data revealed the country's gross domestic product expanded 0.3% in the third quarter, in line with expectations.
The euro saw added demand after European Central Bank President Mario Draghi on Thursday downplayed recent media reports that monetary authorities were considering cutting deposit rates into negative territory.
The dollar, meanwhile, continued to see support after Department of Labor said on Thursday that the number of individuals filing for initial jobless benefits in the U.S. last week fell by 21,000 to a seasonally adjusted 323,000, beating expectations for a decline of 9,000.
Separate government data revealed that the U.S. producer price index declined 0.2% in October, in line with expectations, while the country's core PPI rose 0.2%, beating market calls for a 0.1% gain.
The single currency was up against the pound and up against the yen, with EUR/GBP trading up 0.42% at 0.8356 and EUR/JPY trading up 0.48% at 137.03.