The euro slipped lower against the U.S. dollar on Friday, after disappointing German data and after German Finance Minister Wolfgang Schauble pledged to help Greece out of its financial troubles.
EUR/USD hit 1.1451 during late Asian trade, the session low; the pair subsequently consolidated at 1.1457, falling 0.18%.
The pair was likely to find support at 1.1302, Thursday's low and near-term resistance at 1.1533, the high of February 3.
Official data earlier showed that German industrial production rose 0.1% in December, disappointing expectations for a 0.4% gain. November's figure was revised to a 0.1% uptick from a previously estimated 0.1% fall.
The euro found mild support after Wolfgang Schauble said that Greece's financial difficulties were the result of domestic problems, but that Germany would do all in its power to help.
Schauble was speaking at a joint press conference with his Greek counterpart Yanis Varoufakis in Berlin on Thursday.
The comments came after the European Central Bank said it would no longer accept Greek bonds as collateral for lending, shifting the burden on to Greece’s central bank to provide additional liquidity for its lenders and increasing pressure on Athens.
Greece’s government is seeking debt relief on its current €240 billion bailout, which has fuelled fears over a clash with its creditors that could bring about its eventual exit from the euro zone.
Meanwhile, the dollar remained supported by data on Thursday showing that the number of individuals filing for initial jobless benefits rose less-than-expected to 278,000 last week.
The euro was also lower against the pound, with EUR/GBP edging down 0.12% to 0.7479.
Later in the day, the U.S. was to release the closely watched nonfarm payrolls report, and data on wage growth.
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