Investing.com - The euro fell against the U.S. dollar on Friday, hovering near one-week lows after the release of downbeat German factory orders and as comments by European Central Bank President Mario Draghi continued to weigh.
EUR/USD hit 1.3598 during late Asian trade, the session low; the pair subsequently consolidated at 1.3599, edging down 0.09%.
The pair was likely to find support at 1.3576, the low of June 26 and resistance at 1.3641, the high of June 26.
Official data earlier showed that German factory orders dropped 1.7% in May, compared to expectations for a 1.0% decline, after an increase of 3.4% in April, whose figure was revised up from a previously estimated 3.1% rise.
The single currency had come under pressure on Thursday after ECB President Mario Draghi reiterated the bank’s forward guidance that rates will remain on hold at present or lower levels for an extended period.
He emphasized that "the governing council is also unanimous in its commitment to use unconventional instruments' if necessary, to address the risk of too-prolonged period of low inflation.”
Meanwhile, the greenback remained supported after the Labor Department on Thursday reported that that U.S. economy added 288,000 jobs last month, easily surpassing expectations for an increase of 212,000, and that the U.S. unemployment rate fell to 6.1% from 6.3% in May, the lowest in almost six years.
The euro was lower against the pound, with EUR/GBP slipping 0.14% to 0.7923.
Trading volumes were expected to remain thin on Friday, as U.S. markets were to remain closed for the fourth of July holiday.