Investing.com - The euro edged lower against the U.S. dollar on Friday, ahead of euro zone consumer price inflation data, as investors remained cautious amid ongoing uncertainty over the future of the Federal Reserve's stimulus program.
EUR/USD hit 1.3332 during late Asian trade, the session low; the pair subsequently consolidated at 1.3336, edging down 0.07%.
The pair was likely to find support at 1.3278, the low of August 12 and resistance at 1.3391, the high of August 9.
The greenback strengthened broadly on Thursday after the Department of Labor said the number of people who filed for unemployment assistance in the U.S. fell to the lowest level since January 2008 last week, dropping by 15,000 to 320,000.
A separate report showed that U.S. consumer prices rose by a seasonally adjusted 0.2% in July, in line with forecasts. Core consumer prices, excluding food and energy costs, also rose 0.2%, matching forecasts.
The U.S. dollar came under pressure however, after data showed that U.S. industrial production was flat in July, missing expectations for a 0.3% increase.
Other reports showed that manufacturing activity in the Philadelphia-region expanded at the slowest pace in four months in August, while manufacturing activity in the Empire state fell unexpectedly.
The euro was steady against the pound with EUR/GBP dipping 0.02%, to hit 0.8535.
Later in the day, the euro zone was to release official data on consumer price inflation and the trade balance.
The U.S. was to produce data on building permits and housing starts, while the University of Michigan was to release its closely watched preliminary data on consumer sentiment.
EUR/USD hit 1.3332 during late Asian trade, the session low; the pair subsequently consolidated at 1.3336, edging down 0.07%.
The pair was likely to find support at 1.3278, the low of August 12 and resistance at 1.3391, the high of August 9.
The greenback strengthened broadly on Thursday after the Department of Labor said the number of people who filed for unemployment assistance in the U.S. fell to the lowest level since January 2008 last week, dropping by 15,000 to 320,000.
A separate report showed that U.S. consumer prices rose by a seasonally adjusted 0.2% in July, in line with forecasts. Core consumer prices, excluding food and energy costs, also rose 0.2%, matching forecasts.
The U.S. dollar came under pressure however, after data showed that U.S. industrial production was flat in July, missing expectations for a 0.3% increase.
Other reports showed that manufacturing activity in the Philadelphia-region expanded at the slowest pace in four months in August, while manufacturing activity in the Empire state fell unexpectedly.
The euro was steady against the pound with EUR/GBP dipping 0.02%, to hit 0.8535.
Later in the day, the euro zone was to release official data on consumer price inflation and the trade balance.
The U.S. was to produce data on building permits and housing starts, while the University of Michigan was to release its closely watched preliminary data on consumer sentiment.