Investing.com – The euro bounced against the U.S. dollar on Thursday, as the European Commission's president insisted that EU leaders would reach a consensus on Greece's debt crisis at a two-day summit in Brussels.
EUR/USD gained 0.25% to reach 1.3347 during U.S. morning trade, after clawing back up from 1.3284, a daily low and the pair's lowest rate since May 7 last year.
The pair was likely to find support at 1.2884, the low of April 22, 2009, and resistance at 1.3818, the high of March 17.
Jose Manuel Barroso, the EC president, was quoted by Reuters as telling reporters: "Obviously it is unthinkable that we bring together the European leaders today without speaking about this issue and without reaching consensus because it is an urgent problem to which we have to find a solution."
Meanwhile, the euro also rose against sterling on Thursday, with EUR/GBP gaining 0.16% to hit 0.897.
Earlier in the day, a government report showed that the number of U.S. workers claiming unemployment benefits fell to its lowest level since December 2008 last week.
Also Thursday, the GfK market research group said that German consumer morale was set to end five months of decline and stabilize in April, as households' view of the economy brightens.
EUR/USD gained 0.25% to reach 1.3347 during U.S. morning trade, after clawing back up from 1.3284, a daily low and the pair's lowest rate since May 7 last year.
The pair was likely to find support at 1.2884, the low of April 22, 2009, and resistance at 1.3818, the high of March 17.
Jose Manuel Barroso, the EC president, was quoted by Reuters as telling reporters: "Obviously it is unthinkable that we bring together the European leaders today without speaking about this issue and without reaching consensus because it is an urgent problem to which we have to find a solution."
Meanwhile, the euro also rose against sterling on Thursday, with EUR/GBP gaining 0.16% to hit 0.897.
Earlier in the day, a government report showed that the number of U.S. workers claiming unemployment benefits fell to its lowest level since December 2008 last week.
Also Thursday, the GfK market research group said that German consumer morale was set to end five months of decline and stabilize in April, as households' view of the economy brightens.