Investing.com - The euro was steady against the U.S. dollar on Friday, ahead of the release of German business climate data later in the day, while Thursday's comments by European Central Bank President Mario Draghi still lent some support.
EUR/USD hit 1.3490 during late Asian trade, the pair's highest since Wednesday; the pair subsequently consolidated at 1.3481, easing up 0.01%.
The pair was likely to find support at 1.3359, the low of November 12 and resistance at 1.3578, the high of November 19.
The euro strengthened on Thursday, after ECB President Draghi downplayed speculation that the bank was actively considering whether to cut deposit rates into negative territory.
The comments came after showed that manufacturing activity in the euro zone expanded in line with forecasts in November, but service sector activity declined unexpectedly, indicating that the recovery in the bloc is losing momentum.
Meanwhile, the greenback remained under pressure after data on Thursday showed that manufacturing activity in the Philadelphia-region expanded at the slowest pace in six months in November.
The Federal Reserve Bank of Philadelphia said that its manufacturing index fell to 6.5 in November, from 19.8 in October. Economists had expected the index to decline to 15.0.
The euro was little changed against the pound with EUR/GBP inching up 0.06%, to hit 0.8326.
Later in the day, the Ifo Institute was to publish a report on German business climate.
EUR/USD hit 1.3490 during late Asian trade, the pair's highest since Wednesday; the pair subsequently consolidated at 1.3481, easing up 0.01%.
The pair was likely to find support at 1.3359, the low of November 12 and resistance at 1.3578, the high of November 19.
The euro strengthened on Thursday, after ECB President Draghi downplayed speculation that the bank was actively considering whether to cut deposit rates into negative territory.
The comments came after showed that manufacturing activity in the euro zone expanded in line with forecasts in November, but service sector activity declined unexpectedly, indicating that the recovery in the bloc is losing momentum.
Meanwhile, the greenback remained under pressure after data on Thursday showed that manufacturing activity in the Philadelphia-region expanded at the slowest pace in six months in November.
The Federal Reserve Bank of Philadelphia said that its manufacturing index fell to 6.5 in November, from 19.8 in October. Economists had expected the index to decline to 15.0.
The euro was little changed against the pound with EUR/GBP inching up 0.06%, to hit 0.8326.
Later in the day, the Ifo Institute was to publish a report on German business climate.