Investing.com - The euro was little changed against the U.S. dollar on Friday, hovering near two-week lows as comments by a European Central Bank Executive Board member weighed, while investors eyed speeches by Federal Reserve officials later in the day.
EUR/USD hit 1.3774 during late Asian trade, the session low; the pair subsequently consolidated at 1.3776, inching down 0.01%.
The pair was likely to find support at 1.3722, the low of March 6 and resistance at 1.3845, Thursday''s high.
The euro remained under pressure after ECB Executive Board member Sabine Lautenschlaeger said on Thursday that rates will remain low or go even lower for an extended period.
Meanwhile, markets were eyeing comments by a number of Fed officials later Friday, after Fed Chair Janet Yellen surprised markets mid-week by suggesting the possibility of raising interest rates as soon as next year.
The greenback also found support after data on Thursday showed that U.S. initial jobless claims rose less-then-expected last week, while a separate report showed that manufacturing activity in the Philadelphia-region expanded at a faster rate than expected in March.
The euro was steady against the pound, with EUR/GBP easing up 0.05% to 0.8353.