Investing.com - The euro was higher against the dollar on Tuesday as concerns over U.S. military strikes against Syria eased and last week’s disappointing U.S. jobs report continued to weigh on the greenback.
EUR/USD hit 1.3276 during late Asian trade, the session high; the pair subsequently consolidated at 1.3268, gaining 0.11%.
The pair was likely to find support at 1.3215 and near-term resistance at 1.3280, Monday’s high and an eight-day high.
Market sentiment was boosted after U.S. President Barack Obama said he would put plans for a military strike against Syria on hold if the country agrees to a Russian proposal to place its chemical weapons under international control.
The dollar remained under pressure after the latest U.S. nonfarm payrolls report showed that the economy added fewer jobs than expected in August.
The soft data raised some doubts over whether the Federal Reserve will start to unwind its USD85 billion-a-month asset purchase program at its upcoming policy meeting on September 17-18.
Elsewhere, the euro was higher against the pound and the yen, with EUR/GBP easing up 0.08% to 0.8453 and EUR/JPY climbing 0.40% to 132.51.
In Japan, the minutes of the Bank of Japan’s August meeting said the economy was starting to recover and added that the bank’s massive stimulus program was restraining long-term interest rates.
EUR/USD hit 1.3276 during late Asian trade, the session high; the pair subsequently consolidated at 1.3268, gaining 0.11%.
The pair was likely to find support at 1.3215 and near-term resistance at 1.3280, Monday’s high and an eight-day high.
Market sentiment was boosted after U.S. President Barack Obama said he would put plans for a military strike against Syria on hold if the country agrees to a Russian proposal to place its chemical weapons under international control.
The dollar remained under pressure after the latest U.S. nonfarm payrolls report showed that the economy added fewer jobs than expected in August.
The soft data raised some doubts over whether the Federal Reserve will start to unwind its USD85 billion-a-month asset purchase program at its upcoming policy meeting on September 17-18.
Elsewhere, the euro was higher against the pound and the yen, with EUR/GBP easing up 0.08% to 0.8453 and EUR/JPY climbing 0.40% to 132.51.
In Japan, the minutes of the Bank of Japan’s August meeting said the economy was starting to recover and added that the bank’s massive stimulus program was restraining long-term interest rates.