Investing.com – The euro edged up against the U.S dollar on Tuesday, after data showed that Germany's consumer climate improved more that expected in July.
EUR/USD hit 1.3018 during late Asian trade, the pair's highest since July 20; the pair subsequently consolidated at 1.2999, gaining 0.04%.
The pair was likely to find support at 1.2875, Monday's high and resistance at 1.3094, the high of May 10.
Earlier in the day, market research group, Gfk said its index of economic expectations rose to 3.9 in July, up from 3.6 in June, whose figure was revised up from 3.5.
Analysts had expected the index to hold steady at 3.6 in July.
Meanwhile, the euro was down against the pound, with EUR/GBP shedding 0.15% to hit 0.8377.
Later in the day, the U.S. was to release data on consumer confidence.
EUR/USD hit 1.3018 during late Asian trade, the pair's highest since July 20; the pair subsequently consolidated at 1.2999, gaining 0.04%.
The pair was likely to find support at 1.2875, Monday's high and resistance at 1.3094, the high of May 10.
Earlier in the day, market research group, Gfk said its index of economic expectations rose to 3.9 in July, up from 3.6 in June, whose figure was revised up from 3.5.
Analysts had expected the index to hold steady at 3.6 in July.
Meanwhile, the euro was down against the pound, with EUR/GBP shedding 0.15% to hit 0.8377.
Later in the day, the U.S. was to release data on consumer confidence.