The Euro-zone unemployment and producer prices data for the month of May were released at 5:00 am ET which are likely to have played their role in the deals. The Swiss June CPI inflation and the Japanese monetary base data for May were the other two fundamentals released today.
Later on the day, US pending home sales and factory orders data for May are expected, which will be scrutinized by the markets. It will help investors to decide their strategies ahead of next FOMC rate revision.
Against the dollar, the euro weakened on Tuesday ahead of the North American deals. Compared to the previous day`s close of 1.3620, the pair is now trading near 1.3600 and if moved further lower, 1.3550 can be a likely level of support.
The single currency declined against the sterling during the European session on Tuesday. The pair moved along a loose range bouncing between 0.6748 and 0.6753 in the Asian deals, but amid the recent data releases moved downwards. Toward the end of the session, the pair touched as low as 0.6740, but it has picked up a few pips, lately.
The euro rallied against the Japanese yen in the Asian session on Tuesday, but the pair has dropped the gains during the European deals. Compared to the preceding day`s New York session close of 166.62, the pair collected as high as 167.17 at about 2:25 am ET and thus made a new record high. Thereafter, the euro steadied lower and is now trading near 166.40 yen. Downside, 166.0 can be a level of support for the pair in the near term.
The euro rallied against the Swiss franc in the European deals on Tuesday. Compared to Monday`s New York session close of 1.6490, the pair has been now trading near 1.6547, and by virtue of the rally, it has reversed its losses incurred on the previous day. Upside, 1.658 can probably be a resistance level for the pair.
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