Investing.com – The euro surged to a fresh daily high against the U.S. dollar on Wednesday, following U.S. data which showed that the private sector added fewer jobs than expected in June.
EUR/USD hit 1.2302 during European afternoon trade, the pair subsequently consolidated at 1.2254, gaining 0.55%.
The pair was likely to find support at 1.2115, the low of June 14, and resistance at 1.2466, the high of June 21.
Earlier Wednesday, U.S. official data showed that private sector employment, excluding agriculture, rose a seasonally adjusted 13,000 in June, following an increase of 57,000 in May, whose figure was revised up from 55,000.
Analysts had expected an increase of 58,000 in June.
The euro was also up against the pound, with EUR/GBP advancing 1.35% to hit 0.8201.
Earlier Wednesday, the European Central Bank said it issued EUR 131 billion of three-month loans, less than expected, ahead of Thursday's deadline for the repayment of close to half a trillion euros in 12-month funds.
EUR/USD hit 1.2302 during European afternoon trade, the pair subsequently consolidated at 1.2254, gaining 0.55%.
The pair was likely to find support at 1.2115, the low of June 14, and resistance at 1.2466, the high of June 21.
Earlier Wednesday, U.S. official data showed that private sector employment, excluding agriculture, rose a seasonally adjusted 13,000 in June, following an increase of 57,000 in May, whose figure was revised up from 55,000.
Analysts had expected an increase of 58,000 in June.
The euro was also up against the pound, with EUR/GBP advancing 1.35% to hit 0.8201.
Earlier Wednesday, the European Central Bank said it issued EUR 131 billion of three-month loans, less than expected, ahead of Thursday's deadline for the repayment of close to half a trillion euros in 12-month funds.