The euro steadied versus the dollar on Friday on growing confidence that Ireland's banking and debt crisis will be resolved, with key resistance capping upside in the near term. Hopes that Ireland was near a deal to get tens of billions of euros from its European partners and the IMF helped push the euro above $1.37 overnight, but momentum stalled ahead of resistance around $1.3750.
Traders said this level is likely to hold until markets get more details on the Irish rescue plan. The euro was last little changed at $1.3643, after rising as high as $1.3733 on trading platform EBS. It has recovered from a slide to a seven-week low of $1.3446 earlier in the week and is poised to end the week slightly lower against the dollar.
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