Investing.com - The euro was little changed against the U.S. dollar on Friday, as concerns over the handling of Greece's debt crisis continued to dominated market sentiment, despite upbeat U.S. economic growth data.
EUR/USD hit 1.2956 during U.S. morning trade, the daily high; the pair subsequently consolidated at 1.2938, inching up 0.03%.
The pair was likely to find support at 1.2824, the low of October 11 and resistance at 1.2978, the high of October 15.
In a report, the Bureau of Economic Analysis earlier said that U.S. GDP rose to a seasonally adjusted annual rate of 2.0% in the third quarter, from 1.3% in the previous quarter.
Analysts had expected U.S. gross domestic product to rise 1.9% in the last quarter.
But sentiment on the euro remained fragile amid concerns over Greece's financial troubles, after a report from the International Monetary Fund said Greek debt would be above the target agreed with international lenders.
The Greek government responded by saying that a deal on Athens' latest austerity package was being held up by opposition from a coalition ally.
Markets were also jittery amid ongoing uncertainty over when Spain will request a bailout and trigger the European Central Bank's bond-buying programme.
The euro was also steady against the pound with EUR/GBP easing up 0.03%, to hit 0.8026.
Also Friday, a Gfk report showed that its consumer climate index for Germany improved unexpectedly to 6.3 in October from a reading of 6.1 the previous month.
Analysts had expected the index to tick down to 5.9 in October.
A separate report showed that Spain's unemployment rate rose to 25.0% in the second quarter, from a rate of 24.6% the previous quarter, barely beating expectations for a rise to 25.1%.