YEREVAN, January 24. /ARKA/. The euro extended gains against the dollar on Thursday following the release of a flurry of U.S. data, as expectations for further monetary easing by the European Central Bank diminished after stronger-than-expected data on euro zone private sector activity, Investing.com reported.
EUR/USD hit 1.3671, the highest since January 15 and was last up 0.89% to 1.3667.
The pair was likely to find support at 1.3600 and resistance at 1.3715.
The common currency was boosted after a larger than expected increase in euro zone private sector activity this month indicated that the recovery in the euro area is strengthening. –0–
