- The dollar with mixed results on Tuesday, while the euro is among the worst.
- EUR / USD falls for the sixth day in a row and is approaching 1.1700.
The EUR / USD extended the decline and reached 1.1715, the lowest since April 1. It is trading at 1.1720 / 25, in negative territory for the fifth day in a row.
The pair’s decline is due to the continuation of the strength of the dollar, which continues to have great support in the rise in the yields of Treasury bonds. The 10-year rate reached 1.33% before falling back.
The euro for its part is weakened, and it also operates at a minimum in months against the pound. It was not supported by the data on Tuesday. Germany saw a larger-than-expected drop in the ZEW index. The expectations index went from 63.3 to 40.4, the lowest since November; and the current conditions improved to 29.3 from 21.9.
Tuesday will be another light day with respect to the US economic calendar, where only the labor productivity data for the second quarter appears. Loretta Mester of the Cleveland Fed will give a presentation and Charles Evans of Chicago an interview. July retail inflation figures for the US and Germany will be released on Wednesday.
Technical levels
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