EUR/USD gains as investors avoid dollar ahead of Fed minutes

The euro firmed against the dollar on Wednesday as investors remained on the sidelines awaiting the release of the Federal Reserve's March policy meeting minutes later in the session.

The single currency, meanwhile, continued to edge higher after key central bankers said fresh policy easing measures may be under scrutiny but actual implementation isn't imminent.

In U.S. trading, EUR/USD was up 0.18% at 1.3821, up from a session low of 1.3738 and off a high of 1.3828.

The pair was likely to find support at 1.3673, Friday's low, and resistance at 1.3876, the high from March 24.

The dollar remained soft in anticipation of the minutes from the Fed’s March meeting.

On Friday, data revealed that the U.S. economy added 192,000 jobs in March, below expectations for jobs growth of 200,000.

The U.S. unemployment rate remained unchanged at 6.7%, compared to expectations for a downtick to 6.6%.

The numbers sparked some expectations that even though the Federal Reserve will continue to dismantle its monthly bond-buying program, the pace of which remains up in the air.

Fed asset purchases aim to drive recovery by suppressing long-term borrowing costs, weakening the dollar as a side effect.

The euro, meanwhile, continued to edge higher in wake of comments from ECB policymakers who stressed that while fresh easing measures are possible, they are not on the verge of implementation.

The euro was up against the pound, with EUR/GBP up 0.16% to 0.8250, and up against the yen, with EUR/JPY up 0.16% at 140.71.

Data released earlier revealed that the U.K. trade deficit narrowed more-than-expected in February, as both imports and exports fell.

On Thursday, the U.S. Labor Department is to release its weekly report on initial jobless claims.