The euro pushed lower against the U.S. dollar on Friday, after the release of better-than-expected U.S. employment data added to speculation the Federal Reserve will soon taper its stimulus program.
EUR/USD hit 1.3544 during European afternoon trade, the session low; the pair subsequently consolidated at 1.3647, slipping 0.13%.
The pair was likely to find support at 1.3544, Thursday''s low and resistance at 1.3738, the high of October 31.
The Department of Labor said the U.S. economy added 203,000 jobs in November, exceeding expectations for a 180,000 increase, after a downwardly revised 200,000 rise the previous month.
In the private sector, 196,000 jobs were added last month, compared to expectations for a 180,000 rise, after an increase of 214,000 in October.
The report also said the U.S. unemployment rate fell to 7.0% in November, from 7.3% in October, beating expectations for a downtick to 7.2%.
Meanwhile, the euro remained mildly supported after the European Central Bank left its benchmark interest rate at a record low of 0.25% and gave no indication of possible rate cuts in the near future.
Earlier Friday, official data showed that German factory orders fell 2.2% in October, more than the expected 0.6% slip, after a downwardly revised 3.1% increase the previous month.
The euro was little changed against the pound with EUR/GBP inching down 0.05%.
Also Friday, industry data showed that house price inflation in the U.K. rose 1.1% in November, beating expectations for a 0.6% increase, after an upwardly revised 1.3% rise the previous month.
Later in the day, the University of Michigan was to produce the preliminary reading of its consumer sentiment index.
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