Investing.com - The euro rose against the dollar Friday on solid German confidence data as well as on reassuring comments from the International Monetary Fund that the multilateral lender will do more to firewall the European debt crisis.
In U.S. trading on Friday, EUR/USD was trading at 1.3213, up 0.57%, up from a session low of 1.3129 and off from a high of 1.3224.
The pair was likely to find support at 1.3070, the low of April 17, and resistance at 1.3368, the high of April 3.
In Germany, the Ifo business sentiment index for April rose to 109.9 from 109.8 the previous month, outpacing expectations for the figure to drop to 109.5.
April's figure represented a nine-month high.
Germany is Europe's largest economy and improving morale there bodes well for the continent.
Meanwhile IMF managing director Christine Lagarde said that while dark clouds still face the continent's economy, she expects more countries to finance a firewall fund to contain the debt crisis.
The euro, meanwhile, was up against the pound and up against the yen, with EUR/GBP trading up 0.12% at 0.8194 and EUR/JPY up 0.54% and trading at 107.79.
On Monday, the euro will trade on French and German manufacturing data.
In U.S. trading on Friday, EUR/USD was trading at 1.3213, up 0.57%, up from a session low of 1.3129 and off from a high of 1.3224.
The pair was likely to find support at 1.3070, the low of April 17, and resistance at 1.3368, the high of April 3.
In Germany, the Ifo business sentiment index for April rose to 109.9 from 109.8 the previous month, outpacing expectations for the figure to drop to 109.5.
April's figure represented a nine-month high.
Germany is Europe's largest economy and improving morale there bodes well for the continent.
Meanwhile IMF managing director Christine Lagarde said that while dark clouds still face the continent's economy, she expects more countries to finance a firewall fund to contain the debt crisis.
The euro, meanwhile, was up against the pound and up against the yen, with EUR/GBP trading up 0.12% at 0.8194 and EUR/JPY up 0.54% and trading at 107.79.
On Monday, the euro will trade on French and German manufacturing data.