Investing.com - The euro was higher against the U.S. dollar on Wednesday, but the single currency remained under pressure as investors were cautious amid uncertainty over whether Spain is about to ask for more financial aid.
EUR/USD hit 1.3085 during late Asian trade, the daily high; the pair subsequently consolidated at 1.3080, adding 0.25%.
The pair was likely to find support at 1.2985, the low of September 14 and resistance at 1.3172, the high of Sptember 17 and a four-month high.
Markets were jittery amid reports Spanish Prime Minister Mariano Rajoy remains uncertain about asking for help from the European Central Bank's new bond-purchasing program, which would mean signing up to a permanent bailout fund.
On Tuesday, Spain's Deputy Prime Minister said the country was still considering the conditions of a possible bailout.
Investors were also cautious as the yield on Spain's 10-year government bonds was hovering at 5.89%, close to the 6% threshold, widely seen as unsustainable in the long term.
Elsewhere, the euro was higher against the pound with EUR/GBP adding 0.14%, to hit 0.8043.
Later in the day, the U.S. was to publish official data on building permits and on housing starts, followed by government data on crude oil stockpiles, as well as an industry report on existing home sales.
EUR/USD hit 1.3085 during late Asian trade, the daily high; the pair subsequently consolidated at 1.3080, adding 0.25%.
The pair was likely to find support at 1.2985, the low of September 14 and resistance at 1.3172, the high of Sptember 17 and a four-month high.
Markets were jittery amid reports Spanish Prime Minister Mariano Rajoy remains uncertain about asking for help from the European Central Bank's new bond-purchasing program, which would mean signing up to a permanent bailout fund.
On Tuesday, Spain's Deputy Prime Minister said the country was still considering the conditions of a possible bailout.
Investors were also cautious as the yield on Spain's 10-year government bonds was hovering at 5.89%, close to the 6% threshold, widely seen as unsustainable in the long term.
Elsewhere, the euro was higher against the pound with EUR/GBP adding 0.14%, to hit 0.8043.
Later in the day, the U.S. was to publish official data on building permits and on housing starts, followed by government data on crude oil stockpiles, as well as an industry report on existing home sales.