Forex - EUR/USD up on economic data

The Euro was higher against the U.S. Dollar on Friday after the release of euro zone data on PPI.

EUR/USD was trading at 1.3121, up 0.43% at time of writing.

The pair was likely to find support at 1.3032, Monday’s low, and resistance at 1.3242, Wednesday’s high.

Earlier in the day, official data showed that Euro zone producer price inflation fell to a seasonally adjusted -0.2% last month from 0.2% in the preceding month.

Analysts had expected Euro zone PPI to fall -0.2% last month.

Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.33% to hit 0.8439 and EUR/JPY rising 0.65% to hit 128.79.