Investing.com - The euro was little changed against the dollar on Thursday after the minutes of the Federal Reserve’s March meeting showed that several policymakers favor an early end to the bank’s asset purchase program.
EUR/USD hit 1.3077 during late Asian trade, the session high; the pair subsequently consolidated at 1.3073, inching up 0.03%.
The pair was likely to find support at 1.3004, Tuesday’s low and resistance at 1.3121, Wednesday’s high and five-week high.
The Fed minutes, which were inadvertently released ahead of schedule, showed that that a few policymakers saw quantitative easing tapering around midyear, while several others believed it would be appropriate to slow later in the year and to stop by the end of the year.
The impact of the minutes was muted as the meeting was held before nonfarm payrolls data showed that the U.S. economy added far fewer than expected jobs in March.
Elsewhere, the euro was hovering at 39-month highs against the yen, with EUR/JPY inching up 0.02% to 130.41.
The yen remained under pressure after Bank of Japan Governor Haruhiko Kuroda said Wednesday that the bank was ready to extend its monetary stimulus program beyond two years if necessary in order to reach its 2% inflation target.
The U.S. was to publish the weekly government report on initial jobless claims and data on import prices later in the day.
EUR/USD hit 1.3077 during late Asian trade, the session high; the pair subsequently consolidated at 1.3073, inching up 0.03%.
The pair was likely to find support at 1.3004, Tuesday’s low and resistance at 1.3121, Wednesday’s high and five-week high.
The Fed minutes, which were inadvertently released ahead of schedule, showed that that a few policymakers saw quantitative easing tapering around midyear, while several others believed it would be appropriate to slow later in the year and to stop by the end of the year.
The impact of the minutes was muted as the meeting was held before nonfarm payrolls data showed that the U.S. economy added far fewer than expected jobs in March.
Elsewhere, the euro was hovering at 39-month highs against the yen, with EUR/JPY inching up 0.02% to 130.41.
The yen remained under pressure after Bank of Japan Governor Haruhiko Kuroda said Wednesday that the bank was ready to extend its monetary stimulus program beyond two years if necessary in order to reach its 2% inflation target.
The U.S. was to publish the weekly government report on initial jobless claims and data on import prices later in the day.