Investing.com - The euro trimmed gains against the U.S. dollar on Friday, after U.S. durable goods orders data lent mild support to the greenback, although an upbeat report on Germany's business climate continued to boost the single currency.
EUR/USD pulled away from 1.0899, the pair's highest since April 7, to hit 1.0820 during U.S. morning trade, steady for the day.
The pair was likely to find support at 1.0664, Thursday's low and resistance at 1.0957, the high of April 7.
Official data showed that U.S. durable goods orders rose 4.0% in March, beating expectations for a 0.6% gain.after a 1.4% decline the previous month.
Core durable goods orders, which exclude transportation items, fell 0.2% last month, confounding expectations for a 0.3% rise. February's figure wad revised to a 1.3% decline from a previously estimated 0.6% fall.
The data came after a recent string of downbeat U.S. economic reports prompted investors to push back expectations for a rate hike by the Federal Reserve.
Meanwhile, the single currency remained supported after the Ifo Institute of Economic Research earlier reported that Germany's business climate index rose to a 10-month high of 108.6 in April from 107.9 in March, beating expectations for an uptick to 108.4.
The euro was lower against the pound, with EUR/GBP sliding 0.48% to 0.7153.