Investing.com - The euro was little changed against the broadly stronger dollar on Friday following the release of mixed U.S. economic reports, while talks on a new bailout package for Greece were delayed until Monday.
EUR/USD was at 1.0984 in late trade, unchanged for the day. For the week, the pair was up 1.41%.
Data on Friday showed that sales of new homes in the U.S. fell to a seven-month low in June, but another report showed that manufacturing activity edged higher this month.
The Commerce Department reported that sales of new homes fell 6.8% last month, to an annual rate of 482,000 units, the lowest level since November.
May's figure was revised down to 517,000 units from the previously reported 546,000 units.
A separate report showed that the Markit manufacturing index ticked up to 53.8 this month from 53.6 in June, which was the slowest pace since October 2013.
The mixed data came as investors were turning their attention to the upcoming Federal Reserve policy announcement on Wednesday amid ongoing speculation over the timing of an initial interest rate hike.
On Friday, the Fed mistakenly published a staff projection pointing to a quarter point rate hike later this year.
The dollar has been boosted by expectations that the U.S. central bank could raise rates as soon as September if the economy continues to improve as expected.
The single currency remained supported as talks between Greece and its international creditors on a new bailout package were delayed until Monday.
Talks had been expected to start on Friday but were delayed by logistical issues, including security matters.
A new agreement must be reached before August 20 when Greece must repay more than €3 billion to the European Central Bank.
In the week ahead, investors will be focusing on Wednesday’s monetary policy announcement by the Fed. Developments in Greece and euro zone inflation data will also be closely watched.
Ahead of the coming week, Investing.com has compiled a list of these and other significant events likely to affect the markets.
Monday, July 27
In the euro zone, the Ifo Institute is to report on German business climate.
The U.S. is to release data on durable goods orders.
Tuesday, July 28
The U.S. is to release a report on consumer confidence.
Wednesday, July 29
The Gfk Group is to report on German business climate.
Later Tuesday, the Fed is to announce its latest monetary policy decision and publish its rate statement.
Thursday, July 30
In the euro zone, Germany and Spain are to release preliminary data on consumer inflation. Spain is also to release preliminary data on second quarter growth and Germany is to release data on the change in the number of people employed.
Later Thursday, the U.S. is to produce preliminary data on second quarter growth and the weekly report on initial jobless claims.
Friday, July 31
The euro zone is to produce preliminary data on consumer prices, as well as a report on the unemployment rate. Meanwhile, Germany is to report on retail sales.
The U.S. is to round up the week with revised data on consumer sentiment and a report on business activity in the Chicago region.