Investing.com - The euro pared losses against the U.S. dollar on Friday, although demand for the single currency remained under pressure amid mounting concerns over the Greek debt situation.
EUR/USD pulled away from 1.1293, the session low, to hit 1.1344 during U.S. morning trade, still down 0.16%.
The pair was likely to find support at 1.1210, the low of June 17 and resistance at 1.1438, Thursday's high and a one-month peak.
The euro remained under pressure as concerns over Greece's future in the euro zone persisted after a meeting between Greek and euro area officials broke down on Thursday.
The current bailout for Greece expires on 30 June when Athens is also due to repay the International Monetary Fund around €1.6 billion.
IMF Chief Christine Lagarde said if the payment is not made on time, Greece will be declared to be in default and would disqualify itself from receiving any further IMF funds.
Meanwhile, the greenback continued to recover from recent losses after the Federal Reserve lowered both its U.S. growth forecast and its interest-rate projections at its policy meeting on Wednesday, prompting investors to push back expectations on the timing of an initial rate hike.
The euro was also lower against the pound, with EUR/GBP edging down 0.16% to 0.7143.
Earlier Friday, the Office for National Statistics reported on Friday that U.K. public sector net borrowing hit £9.35 billion last month, up from £5.46 billion in April, whose figure was revised from a previously estimated £6.04 billion.
Analysts had expected public sector net borrowing to climb to £10.05 billion in May.