Investing.com - The dollar held steady against the euro on Thursday, trimming earlier losses after reports emerged that congressional Republicans will seek a temporary increase to the U.S. debt ceiling to avoid defaults with the aim of ending a fiscal impasse that has closed the U.S. government.
In U.S. trading on Thursday, EUR/USD was up 0.08% at 1.3534, up from a session low of 1.3488 and off from a high of 1.3545.
The pair was likely to find support at 1.3486, Wednesday's low, and resistance at 1.3607, Tuesday's high.
In the U.S. earlier, House Speaker John Boehner said Republicans would offer a temporary increase in the debt ceiling in exchange for dialogue with President Barack Obama on budget and deficit issues.
Hopes that talks will lead to an end to the government shutdown and avoid defaults while opening the door to broader fiscal reforms down the road firmed the greenback.
U.S. Treasury Secretary Jack Lew reiterated Thursday that the U.S. will reach its debt ceiling on Oct. 17 and warned that the political crisis is starting to hurt the economy. The comments came during testimony to the Senate finance committee.
The dollar shrugged off a report by the Department of Labor showing that U.S. initial jobless claims rose to 374,000 last week, an increase of 66,000 from the previous week's unrevised figure of 308,000.
The number was high due to a computer glitch in California related to technology upgrades.
Elsewhere, the euro was up against the pound and up against the yen, with EUR/GBP trading up 0.04% at 0.8478 and EUR/JPY trading up 0.82% at 132.74.
In U.S. trading on Thursday, EUR/USD was up 0.08% at 1.3534, up from a session low of 1.3488 and off from a high of 1.3545.
The pair was likely to find support at 1.3486, Wednesday's low, and resistance at 1.3607, Tuesday's high.
In the U.S. earlier, House Speaker John Boehner said Republicans would offer a temporary increase in the debt ceiling in exchange for dialogue with President Barack Obama on budget and deficit issues.
Hopes that talks will lead to an end to the government shutdown and avoid defaults while opening the door to broader fiscal reforms down the road firmed the greenback.
U.S. Treasury Secretary Jack Lew reiterated Thursday that the U.S. will reach its debt ceiling on Oct. 17 and warned that the political crisis is starting to hurt the economy. The comments came during testimony to the Senate finance committee.
The dollar shrugged off a report by the Department of Labor showing that U.S. initial jobless claims rose to 374,000 last week, an increase of 66,000 from the previous week's unrevised figure of 308,000.
The number was high due to a computer glitch in California related to technology upgrades.
Elsewhere, the euro was up against the pound and up against the yen, with EUR/GBP trading up 0.04% at 0.8478 and EUR/JPY trading up 0.82% at 132.74.