EUR/USD pushes higher to 1.1880 ahead of Lagarde

EUR/USD extends the positive momentum near 1.1900.
EMU’s Sentix index came during a tad below estimates in July.
ECB’s C.Lagarde speaks later within the session.
The buying interest round the single currency remains well and sound and now lifts EUR/USD to the world of daily highs slightly below 1.1900 the figure on Monday.

EUR/USD abreast of USD-weakness, looks to Lagarde
EUR/USD advances for the second session during a row and extends the bounce off 3-month lows near the 1.1800 yardstick recorded on Friday.

In fact, the selling pressure continues to harm the dollar as investors still assess the newest Payrolls figures (+850K), all exacerbated at an equivalent time by the marginal trade conditions and scarce volatility in response to the inactivity within the US markets thanks to the Independence Day holiday.

Data wise within the Euroland, final Services PMI in Germany came in at 57.5 for the month of June (from 58.1 preliminary) and 58.3 within the broader euro area (from 58.0 preliminary). Additional data saw the Sentix Index improving to 29.8 in July (from 28.1).


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