Euro fell during the US session to see its biggest bounce since June 14 against the US dollar amid a lack of economic data from the Euro-zone economies on Tuesday and following economic developments and data followed Monday by the US economy. In the world and on the threshold of a recent Federal Open Market Committee member and Federal Reserve Bank President Rafael in Alabama.

At 3:03 pm GMT, the EURUSD dropped 0.32% to 1.1666, compared with the opening at 1.1704 after the pair hit a session low of 1.1650 while the pair reached its highest level in nearly two weeks at 1.1720.

EURUSD Chart

Earlier today, ECB Deputy Governor De Gindus said that ECB’s confidence in the path of inflation and economic fundamentals supports continued strong economic growth, adding that the positive market reaction to ECB decisions supports the current trends of policy makers The European Central Bank, adding that it is expected to continue the trend of inflation towards the target set during the coming period.

European Central Bank member Philippe Lin said he was growing confident that European central monetary policy was moving in the right direction, adding that Europe was too dependent on the banking system, explaining that inflation was recovering but still below its target. ECB member Coir said that bond purchases would be re-invested by volume of purchases or about 15 billion euros a month starting next year, adding that the interest rate is expected to remain unchanged until the second half of next year.

On the other hand, we followed the US economy to release housing data with the release of the Standard & Poor’s house price index, which showed a slower growth rate of 0.2% compared to the previous March and expectations of 0.4%, as shown by the annual reading of the same index The growth rate slowed to 6.6% from 6.7%, compared to expectations of accelerated growth to 6.9%.

This came ahead of the consumer confidence reading, which showed a contraction of 126.4 versus 128.8 last May, below expectations of 127.6, in conjunction with the Richmond Industrial Average reading which expanded to 20 versus 16 in May In contrast to expectations at 15, and this comes amidst a look at what Federal Open Market Committee (FOMC) Chairman and Federal Reserve Chairman Rafael Rafael will speak at the Birmingham Institute of Civil Rights at 6:00 pm GMT.

US President Donald Trump said earlier on Tuesday that the United States was close to ending a study on customs duties on European cars, which benefited a lot from small tariffs earlier. The imposition of tariffs on European cars will not take long.