Session Recap: Dollar little changed ahead of US data

FXStreet (Córdoba) - The FX market saw another consolidative session Tuesday as markets recoup liquidity, with the pound among the worst performers and the euro little changed following a failed upside attempt.

The pound fell to fresh weekly lows versus the dollar and the euro weighed by disappointing UK mortgage approvals for April. GBP/USD touched a trough of 1.6811, while EUR/GBP reached 0.8116.

On the other hand, the CAD and the AUD are outperforming, with USD/CAD scoring a 2-week low of 1.0835 and the Aussie near weekly highs.

The EUR/USD is nearly unchanged on the day at the 1.3645 area, having seesawed between a high of 1.3668 and a low of 1.3637. The USD/JPY was flat too, consolidating just below 102.00.

During the New York session, a bunch of US data could offer catalysts to the market. The US will release durable goods orders, housing indexes, services PMI and consumer confidence data.

Main headlines in Europe:

Switzerland Trade Balance came in at 2425M, above forecasts (2052M) in April

US docket in the spotlight today – Danske Bank

Switzerland Employment Level (QoQ) registered at 4.192M, below expectations (4.193M) in 1Q

Markets still cautious after elections in Ukraine – Danske Bank

Italy Consumer Confidence came in at 106.3, above expectations (105) in May

Asia EM Express: Stocks lackluster as China's relations with Vietnam deteriorate and Thailand remains in limbo after coup

European stocks open mixed

United Kingdom BBA Mortgage Approvals below expectations (45.2K) in April: Actual (42.2K)

What’s the sentiment around the EUR/USD today? – Commerzbank and Danske Bank

ECB's Nowotny worried about prolonged low inflation