Investing.com - The euro held steady against the U.S. dollar on Friday, after a downbeat euro zone current account report, as markets eyed the release of addition data later in the trading session.
EUR/USD hit 1.3325 during European morning trade, the session low; the pair subsequently consolidated at 1.3338, easing 0.06%.
The pair was likely to find support at 1.3278, the low of August 12 and resistance at 1.3391, the high of August 9.
In a report, the European Central Bank said the current account surplus narrowed more than expected in June, falling to EUR16.9 billion from a surplus of EUR19.5 billion the previous month.
Analysts had expected the current account surplus to narrow to EUR19.0 billion in June.
Meanwhile, the greenback remained mildly supported after the Department of Labor on Thursday said the number of people who filed for unemployment assistance in the U.S. fell to the lowest level since January 2008 last week, dropping by 15,000 to 320,000.
A separate report showed that U.S. consumer prices rose by a seasonally adjusted 0.2% in July, in line with forecasts. Core consumer prices, excluding food and energy costs, also rose 0.2%, matching forecasts.
Markets were jittery however, as additional data showed that U.S. industrial production was flat in July, missing expectations for a 0.3% increase.
Other reports showed that manufacturing activity in the Philadelphia-region expanded at the slowest pace in four months in August, while manufacturing activity in the Empire state fell unexpectedly.
The euro was steady against the pound with EUR/GBP inching 0.03% lower, to hit 0.8534.
Later in the day, the euro zone was to release official data on consumer price inflation.
The U.S. was to produce data on building permits and housing starts, while the University of Michigan was to release its closely watched preliminary data on consumer sentiment.
EUR/USD hit 1.3325 during European morning trade, the session low; the pair subsequently consolidated at 1.3338, easing 0.06%.
The pair was likely to find support at 1.3278, the low of August 12 and resistance at 1.3391, the high of August 9.
In a report, the European Central Bank said the current account surplus narrowed more than expected in June, falling to EUR16.9 billion from a surplus of EUR19.5 billion the previous month.
Analysts had expected the current account surplus to narrow to EUR19.0 billion in June.
Meanwhile, the greenback remained mildly supported after the Department of Labor on Thursday said the number of people who filed for unemployment assistance in the U.S. fell to the lowest level since January 2008 last week, dropping by 15,000 to 320,000.
A separate report showed that U.S. consumer prices rose by a seasonally adjusted 0.2% in July, in line with forecasts. Core consumer prices, excluding food and energy costs, also rose 0.2%, matching forecasts.
Markets were jittery however, as additional data showed that U.S. industrial production was flat in July, missing expectations for a 0.3% increase.
Other reports showed that manufacturing activity in the Philadelphia-region expanded at the slowest pace in four months in August, while manufacturing activity in the Empire state fell unexpectedly.
The euro was steady against the pound with EUR/GBP inching 0.03% lower, to hit 0.8534.
Later in the day, the euro zone was to release official data on consumer price inflation.
The U.S. was to produce data on building permits and housing starts, while the University of Michigan was to release its closely watched preliminary data on consumer sentiment.