Investing.com - The euro was steady against the U.S. dollar in light trade on Monday, as demand for the safe haven greenback remained supported by the possibility of a military strike against Syria.
EUR/USD hit 1.3222 during late Asian trade, the session high; the pair subsequently consolidated at 1.3221, inching up 0.01%.
The pair was likely to find support at 1.3144, the low of July 22 and resistance at 1.3294, the high of August 2.
Concerns over a possible U.S. military intervention mounted after U.S. Secretary of State John Kerry said Friday that the U. S. would punish Syrian President Bashar al-Assad for a "brutal and flagrant" chemical weapons attack that killed nearly 1,500 people in Damascus.
The greenback's gains were limited however, after data on Friday showed that U.S. consumer sentiment was lower in August, pulling back from July’s six-year high. The final reading of the University of Michigan's consumer sentiment index slipped to 82.1 from a final reading of 85.1 in July.
The euro was lower against the pound with EUR/GBP shedding 0.39%, to hit 0.8493.
Later in the day, data on manufacturing activity in Spain and Italy was to be released.
Trading volumes were expected to remain light on Monday, as markets in the U.S. were to remain closed for the Labor Day holiday.
EUR/USD hit 1.3222 during late Asian trade, the session high; the pair subsequently consolidated at 1.3221, inching up 0.01%.
The pair was likely to find support at 1.3144, the low of July 22 and resistance at 1.3294, the high of August 2.
Concerns over a possible U.S. military intervention mounted after U.S. Secretary of State John Kerry said Friday that the U. S. would punish Syrian President Bashar al-Assad for a "brutal and flagrant" chemical weapons attack that killed nearly 1,500 people in Damascus.
The greenback's gains were limited however, after data on Friday showed that U.S. consumer sentiment was lower in August, pulling back from July’s six-year high. The final reading of the University of Michigan's consumer sentiment index slipped to 82.1 from a final reading of 85.1 in July.
The euro was lower against the pound with EUR/GBP shedding 0.39%, to hit 0.8493.
Later in the day, data on manufacturing activity in Spain and Italy was to be released.
Trading volumes were expected to remain light on Monday, as markets in the U.S. were to remain closed for the Labor Day holiday.