Investing.com - The euro was little changed against the dollar on Tuesday, holding off eight month highs as the dollar remained supported ahead of U.S. employment data for September later in the trading day.
EUR/USD hit 1.3652 during late Asian trade, the session low; the pair subsequently consolidated at 1.3675, dipping 0.03%.
The pair was likely to find support at 1.3630 and near-term resistance at 1.3703, Friday’s high and an eight-month high.
The dollar fell sharply against the other main currencies late last week on concerns over the negative impact of the 16-day U.S. government shutdown on the already fragile economic recovery.
Fears over a drag on growth fuelled expectations that the Federal Reserve would delay plans to start tapering its stimulus program until at least the start of next year.
Investors were looking to the September nonfarm payrolls report, which had been originally scheduled for release on October 4, to help assess the timing for a reduction in the Fed’s bond purchasing program.
The euro was steady against the pound and the yen, with EUR/GBP edging up 0.06% to 0.8476 and EUR/JPY inching up 0.07% to 134.42.
The U.K. was to release data on public sector net borrowing later Tuesday.
EUR/USD hit 1.3652 during late Asian trade, the session low; the pair subsequently consolidated at 1.3675, dipping 0.03%.
The pair was likely to find support at 1.3630 and near-term resistance at 1.3703, Friday’s high and an eight-month high.
The dollar fell sharply against the other main currencies late last week on concerns over the negative impact of the 16-day U.S. government shutdown on the already fragile economic recovery.
Fears over a drag on growth fuelled expectations that the Federal Reserve would delay plans to start tapering its stimulus program until at least the start of next year.
Investors were looking to the September nonfarm payrolls report, which had been originally scheduled for release on October 4, to help assess the timing for a reduction in the Fed’s bond purchasing program.
The euro was steady against the pound and the yen, with EUR/GBP edging up 0.06% to 0.8476 and EUR/JPY inching up 0.07% to 134.42.
The U.K. was to release data on public sector net borrowing later Tuesday.