The Euro gains 0.3% against the Dollar as softer US consumer confidence weighs on the USD Index near 101.30.
EUR/USD climbed to near 1.1400 on Tuesday, rising approximately 0.3% as the US Dollar weakened following softer US consumer-confidence data. The decline in confidence pressured the USD Index toward 1.101.30, supporting the Euro’s advance.
Prior to the data release, the USD Index had shown resilience, but the weaker-than-expected consumer sentiment figures reversed its momentum. The move extends the Euro’s recent gains against the Dollar, reflecting shifting market expectations.
No immediate market reaction beyond the currency pair’s movement was reported in the data.