Investing.com - The euro edged lower against the U.S. dollar on Friday, as markets digested news the Greek parliament had approved a second series of austerity measures and turned their attention to upcoming data on euro zone manufacturing activity.
EUR/USD hit 1.0964 during late Asian trade, the session low; the pair subsequently consolidated at 1.0970, slipping 0.12%.
The pair was likely to find support at 1.0868, Wednesday's low and resistance at 1.1018, Thursday's high and a one-week high.
The single currency strengthened on Thursday after a majority of Greek lawmakers voted in favor of a second set of reforms, signalling that negotiations on an €86 billion European Union bailout can begin. The country is aiming for a deal by the middle of next month.
The new measures include changes to Greek banking and an overhaul of the judiciary system.
Greece had passed an initial set of austerity measures imposed by its creditors last week. These were a mix of economic reforms and budget cuts demanded before bailout talks could continue.
Meanwhile, the dollar remained supported after the U.S. Department of Labor reported on Thursday that the number of individuals filing for initial jobless benefits in the week ending July 18 fell by 26,000 to a 40-year low of 255,000 from the previous week’s total of 281,000.
The data added to expectations for a U.S. rate hike in the near future. Federal Reserve Chair Janet Yellen said last week that the central bank is likely to raise rates "at some point this year."
The euro was also lower against the pound, with EUR/GBP edging down 0.10% to 0.7072.