Investing.com - The euro fell to a 2-day low against the U.S. dollar on Monday, ahead of the release of key U.S. data on personal spending and the manufacturing sector.
During European afternoon trade, EUR/USD hit 1.3506, its lowest rate since Thursday; the pair subsequently consolidated around 1.3529, shedding 0.7%.
The pair was likely to find resistance at 1.3691, last Tuesday's high, and support at 1.3445, the low of Feb. 19 and a 9-month low.
The single European currency also tumbled against the yen, with EUR/JPY dropping 0.4% to reach 120.7.
Later in the day, an industry group was set to release key data on the manufacturing sector the United States. The U.S. Bureau of Economic Analysis, meanwhile, was due to publish monthly data on personal spending, a key factor in economic growth.
Also Monday, the European Union's statistics agency, Eurostat, said the euro zone's seasonally-adjusted unemployment rate was 9.9%, the same as in December, whose figure the agency revised downward from 10%.