EURUSD Exchange Rate

The U.S. dollar climbed against its major counterparts in the New York session on Tuesday, as Minneapolis Federal Reserve Bank President Neel Kashkari remarked that the central bank is expected to maintain a tighter monetary policy for an extended period.

Germany's exports rebounded at a faster-than-expected pace in March, while industrial orders declined unexpectedly on weak domestic demand, pouring cold water on hopes of better economic recovery. Exports gained 0.9 percent on a monthly basis, reversing a 1.6 percent fall in February, which was revised from a 0.2 percent gain reported initially, Destatis said Tuesday. Shipments were forecast to

The euro area private sector growth accelerated to an 11-month high in April driven by the service sector, final survey results from S&P Global showed on Monday. The HCOB composite output index rose to 51.7 in April from 50.3 in the previous month. The flash estimate was 51.4.

Eurozone investor confidence improved for the seventh straight month in May to hit the highest level since February 2022 as both current situation and expectations rose in small but steady steps, a closely watched survey showed on Monday. The investor confidence index posted -3.6 in May, the behavioral research institute Sentix reported. The score was forecast to improve moderately to -4.8.

Expert market comment made by senior analyst Alex Kuptsikevich of the FxPro Analyst Team: EURUSD is at an equilibrium; where will it go next?

The U.S. equity market continued its upward trajectory, buoyed by growing optimism surrounding potential interest rate cuts by the Federal Reserve later this year, following the release of softer-than-expected nonfarm payroll data last Friday, indicating a slowdown in economic performance. Japan's Nikkei 225 index surged over 1% this morning upon returning from Monday's holiday.

Last Friday saw a notable weakening in the dollar, with the dollar index (DXY) declining to its monthly low following the underwhelming U.S. Non-Farm Payroll (NFP) report

Market attention now shifts to today's U.S. NFP reading, which could provide insights into the Fed's forthcoming monetary policy decisions.