Investing.com – The euro was up against the U.S. dollar on Thursday, rising to hit a 4-day high, as risk appetite sharpened after the release of upbeat German consumer sentiment data.
EUR/USD hit 1.2734 during late Asian trade, the pair’s highest since August 20; the pair subsequently consolidated at 1.2700, gaining 0.32%.
The pair was likely to find support at 1.2609, Wednesday’s low, and resistance at 1.2832, the high of August 20.
Earlier in the day, market research group Gfk said its index of Germany's consumer climate expectations advanced to 4.1 for September, in line with expectations, after rising to a revised 4.0 for August.
The report said that German consumer expectation for the overall economy had increased to its highest level in three years.
Meanwhile, the euro was down against the pound, with EUR/GBP shedding 0.33% to hit 0.8161.
Later in the day, the U.S. was to release key data on initial jobless claims.
EUR/USD hit 1.2734 during late Asian trade, the pair’s highest since August 20; the pair subsequently consolidated at 1.2700, gaining 0.32%.
The pair was likely to find support at 1.2609, Wednesday’s low, and resistance at 1.2832, the high of August 20.
Earlier in the day, market research group Gfk said its index of Germany's consumer climate expectations advanced to 4.1 for September, in line with expectations, after rising to a revised 4.0 for August.
The report said that German consumer expectation for the overall economy had increased to its highest level in three years.
Meanwhile, the euro was down against the pound, with EUR/GBP shedding 0.33% to hit 0.8161.
Later in the day, the U.S. was to release key data on initial jobless claims.