On Friday, euro was little changed against the US dollar, as investors took a wait on the eve of the forthcoming publication of the report on inflation and economic growth in the Eurozone for the second quarter, while the Greek lawmakers are still discussing the conditions of the third aid package on the eve of a key vote in parliament.
In late Asian trade, the EUR/USD pair reached 1.1138, the session low, and subsequently consolidated at 1.1143. The pair is likely to find support at 1.1079 and resistance at 1.1212, the peak on 12 August.
Earlier on Friday, preliminary data showed that Germany's gross domestic product grew in the second quarter by 0.4%, while there was expected a rise by 0.5%, after rising 0.3% in the first quarter.
Meanwhile, Greek lawmakers were discussing the conditions to get a new anti-crisis program amounting € 85 billion. Eurozone finance ministers are preparing to vote on the package of assistance later in the session.
The Dollar position improved after data showed that the number of applications for unemployment benefits in the US rose last week more than expected, but still kept at the lowest level since November 1973.
The US Labor Department said the number of people filing for initial unemployment benefits rose by 5000 in the last week to 274 000 from 269 000 the previous week.
In addition, the US Commerce Department said that retail sales rose 0.6% last month, surpassing expectations for growth of 0.5%. The base index of retail sales, excluding automobiles, rose in July by 0.4%, matching the expectations.
Meanwhile, the concerns, provoked by the devaluation of the Yuan for two consecutive days, fell after China's central bank said that there is no reason for further depreciation of the Yuan, given the strength of the main economic indicators.
This week, the Yuan has fallen by almost 5% against the dollar after on Tuesday China suddenly devalued the Yuan in an effort to contribute to the growth of slowing economy.
The euro was also stable against the pound; EUR/GBP is traded at 0.7140.