The euro edged lower against the U.S. dollar on Friday, but remained near two-year highs after markets showed no reaction to U.S. durable goods data, as they awaited the release of a report on consumer sentiment later in the day.
EUR/USD hit 1.3775 during European morning trade, the session low; the pair subsequently consolidated at 1.3785, slipping 0.11%.
The pair was likely to find support at 1.3792, the low of October 22 and resistance at 1.4246, the high of October 1, 2011.
In a report, the Census Bureau said that U.S. core durable goods orders, which exclude transportation items, fell 0.1% in September, confounding expectations for a 0.5% rise, after a 0.1% decline the previous month.
U.S. durable goods orders rose 3.7% last month, exceeding expectations for a 2% increase, after a 0.1% rise in August.
The dollar remained under broad selling pressure after disappointing U.S. employment reports this week added to expectations that the Fed will delay tapering its stimulus program until next year amid concerns over the impact of the 16-day U.S. government shutdown on the economic recovery.
On Thursday, the U.S. Department of Labor said the number of individuals filing for initial jobless benefits declined by a lower than expected 12,000 last week to 350,000, while a separate report earlier in the week showed that U.S. jobs growth slowed in September.
In the euro zone, the Ifo Institute for Economic Research said Germany's business climate index fell to 107.4 in October, from a reading of 107.7 the previous month, confounding expectations for a rise to 108.0.
The euro was steady against the pound with EUR/GBP inching up 0.01%, to hit 0.8518.
Also Friday, preliminary data showed that the U.K. gross domestic product rose 0.8% in the third quarter, in line with expectations and up from 0.7% in the previous quarter.
Later in the day, the U.S. was to release revised data on consumer sentiment from the University of Michigan.
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