Investing.com - The euro remained near one-week highs against the U.S. dollar on Friday, as disappointing U.S. consumer sentiment data dampened demand for the greenback, while earlier data on fourth-quarter growth in the euro zone continued to support the single currency.
EUR/USD hit 1.1440 during U.S. morning trade, the pair's highest since February 6; the pair subsequently consolidated at 1.1414, edging up 0.12%.
The pair was likely to find support at 1.1277, the low of February 11 and resistance at 1.1499, the high of February 5.
In a preliminary report, the University of Michigan said its consumer sentiment index fell to 93.6 this month from 98.1 in January. Analysts had expected the index to remain unchanged in February.
The UoM also said its inflation expectations for the next 12 months ticked up to 2.8% in February from 2.5% last month.
Meanwhile, the euro remained supported after preliminary data showed that the euro zone's gross domestic product rose 0.3% in the last quarter of 2014, exceeding expectations for a growth rate of 0.2% and up from 0.2% in the previous quarter.
An earlier report showed that German GDP rose 0.7% in the last quarter, beating expectations for a 0.3% increase and up from a growth rate of 0.1% in the three months to September.
Data also showed that France's GDP rose 0.1% in the fourth quarter of 2014, in line with expectations, after the economy grew 0.4% in the previous quarter.
Investors continued to focus on developments in Greece after talks with European Union officials ended without an agreement on Wednesday, though both sides said there was still hope for a deal. Further talks are due to be held next Monday.
Greece’s current bailout is due to expire on February 28 and the new Greek government does not want it extended, fuelling fears over a conflict with its creditors which could trigger the country’s exit from the euro zone.
The euro was steady against the pound, with EUR/GBP at 0.7408.