Investing.com – The euro slipped against the U.S. dollar on Wednesday, after hawkish comments by senior Federal Reserve officials, but the single currency remained supported by expectations for a rate hike by the European Central Bank next month.
EUR/USD hit 1.4060 during late Asian trade, the daily low; the pair subsequently consolidated at 1.4073, shedding 0.29%.
The pair was likely to find short-term support at 1.4019, Monday’s low and a six-day low and resistance at 1.4193, last Friday’s high.
On Tuesday, St. Louis Fed President James Bullard said the central bank could trim its USD600 billion bond-buying program by USD100 billion and warned that waiting too long to tighten policy could produce "a lot of inflation" in the U.S. and around the world.
However the single currency found support after ECB Governing Council member Jozef Makuch, said the bank was "highly" likely to raise its main interest rate from the current record low level of 1.0% next month.
The euro was also lower against the pound, with EUR/GBP shedding 0.48% to hit 0.8773.
Later in the day, the U.S. was to publish a report on private sector employment by payroll processing firm ADP.
EUR/USD hit 1.4060 during late Asian trade, the daily low; the pair subsequently consolidated at 1.4073, shedding 0.29%.
The pair was likely to find short-term support at 1.4019, Monday’s low and a six-day low and resistance at 1.4193, last Friday’s high.
On Tuesday, St. Louis Fed President James Bullard said the central bank could trim its USD600 billion bond-buying program by USD100 billion and warned that waiting too long to tighten policy could produce "a lot of inflation" in the U.S. and around the world.
However the single currency found support after ECB Governing Council member Jozef Makuch, said the bank was "highly" likely to raise its main interest rate from the current record low level of 1.0% next month.
The euro was also lower against the pound, with EUR/GBP shedding 0.48% to hit 0.8773.
Later in the day, the U.S. was to publish a report on private sector employment by payroll processing firm ADP.