EUR/USD reverses the sooner move to the 1.19 area.
The German Economic Sentiment surprised to the downside in July.
US ISM Non-Manufacturing grabs all the eye across the pond.
The EUR/USD’s earlier optimism was ephemeral. Indeed, the pair rapidly returned to the negative territory and trades around 1.1840 after a failed plan to re-visit 1.1900 earlier on Tuesday.
EUR/USD weakens because the dollar rebounds
EUR/USD now sheds ground for the second session during a row and returns to the low-1.1800s in response to the pick-up within the demand for the greenback.
The dollar manages to rebound from earlier lows within the 92.00 neighbourhood because the selloff and profit taking mood post-Payrolls seems to possess run its course.
Also adding to the bearish sentiment surrounding the ecu currency, the Economic Sentiment in both Germany and therefore the broader Euroland eased further to 63.3 and 61.2, respectively, for the month of July. Earlier within the session, the German Factory Orders contracted at a monthly 3.7% during May.