IV:Forex - Euro steady near 2-week highs vs. dollar
Investing.com - The euro was steady close to two-week highs against the dollar on Thursday as the dollar remained under pressure after the latest U.S. jobs report added to doubts over whether the Federal Reserve will start tapering stimulus this month.
EUR/USD hit 1.3324 during late Asian trade, the session high; the pair subsequently consolidated at 1.3310, edging up 0.01%.
The pair was likely to find support at 1.3243, Wednesday’s low and resistance at 1.3342, the high of August 29.
The dollar remained on the back foot after data late last week showed that the U.S. economy added slightly fewer jobs than expected in August.
The soft data raised some doubts over whether the U.S. central bank will start to unwind its USD85 billion-a-month asset purchase program at its upcoming policy meeting on September 17-18.
Elsewhere, the euro was little changed against the pound, with EUR/GBP inching up 0.02% to 0.8415 and was lower against the yen, with EUR/JPY down 0.59% to 132.19.
The euro zone was to release data on industrial production later in the day and investors were awaiting a speech by European Central Bank President Mario Draghi. The U.S. was to release data on jobless claims.
