Forex: EUR/USD edges lower despite upbeat US data

FXstreet.com (Córdoba) - The euro edged lower versus the greenback and extended losses to fresh lows as strong US consumer spending and personal income and a sharp rise in durable goods orders failed to boost risk appetite.

EURUSD made a new 3-day low of 1.3167 within the last minutes and it is currently trading at the 1.3170 zone, 0.5% below its opening price.

The pair came under pressure on Friday after repeated failure to break decisively above 1.3300 and weighed by the stall in US fiscal cliff talks.