The pair advances toward 1.1560, supported by a gradual weakening of the US Dollar.
ADP, PPI and Retail Sales figures confirm slowing demand and labor-market softness in the United States.
Dovish Federal Reserve rhetoric strengthens expectations of interest rate cuts.
Ghiles Guezout
FXStreet
EUR/USD moves higher on Tuesday, gaining 0.40% on the day to trade near 1.1570 at the time of writing, supported by persistent buying interest following US data releases. The move higher reflects a macroeconomic backdrop increasingly favorable to the Euro (EUR), as newly released US data reinforces the narrative of a cooling US economy and a forthcoming shift toward monetary easing by the Federal Reserve (Fed).