Investing.com - The euro eased lower against the U.S. dollar on Monday as the greenback remain supported despite data on Friday indicating that the recovery in the U.S. labor market may be moderating.
EUR/USD hit 1.3030 during late Asian trade, the session low; the pair subsequently consolidated at 1.3050, slipping 0.14%.
The pair was likely to find support at 1.2996, Friday’s low and resistance at 1.3189, Thursday’s high.
Official data showed that the U.S. economy added 155,000 jobs in December, slightly higher than forecasts for an increase of 150,000, but easing from an upwardly revised increase of 161,000 in November. The unemployment rate held steady at 7.8%.
The greenback remained supported after the minutes of the Federal Reserve’s December meeting showed that some policymakers want an earlier-than-expected end to the bank’s quantitative easing program.
The euro was almost unchanged against the pound, with EUR/GBP dipping 0.01% to 0.8130 and was lower against the yen, with EUR/JPY down 0.50% to 114.62.
Later Monday, the euro zone was to produce official data on producer price inflation, as well as a report on investor confidence.
