Investing.com - The euro was higher against the dollar on Thursday as the dollar’s weakness against the yen led the greenback lower against all the other major currencies.
EUR/USD hit 1.2986 during late Asian trade, the pair’s highest since May 24; the pair subsequently consolidated at 1.2969, gaining 0.26%.
The pair was likely to find support at 1.2932, the session low and near-term resistance at 1.3000.
The dollar fell to three-week lows against the yen on Thursday as Japan’s Nikkei fell sharply, prompting investors to seek out safety in the yen.
Investors were looking ahead to the weekly U.S. report on jobless claims later in the global day amid ongoing speculation over whether the Federal Reserve is moving closer to scaling back its USD85 billion-a-month asset purchase program.
Sentiment on the euro remained fragile amid speculation on whether the European Central Bank will implement negative interest rates on deposits following recent comments by senior bank officials.
The euro was little changed against the pound, with EUR/GBP dipping 0.02% to 0.8550 and was lower against the yen, with EUR/JPY down 0.27% to 130.53.
The U.S. was to release data on pending home sales later Thursday.
