• The euro increased to 1.1830, and its highest level from September 2021, and then slightly decreased.
• CPI in the euro area reaches 2.0%, matching the ECB target, the core inflation has become at the level of 2.3%.
• USM PMI and JOLTS opened the work defeated the forecasts, raising the American dollar index.

EUR (EUR) is modestly told by the American dollar (USD) during the American session on Tuesday, after a miniature growth above 1.180 brands earlier that day, its highest level from September 2021. Support was found from signs that inflation in the euro zone stabilizes, increasing the investor’s trust in the economic perspective of the region.

At the time of writing this text, EUR/USD floats nearly 1.1773, slightly below the highest level of 1.1830, because earlier losses in American dollars are attached to the confident economic data in the USA. ISM (PMI) and JOLTS JOLTS Medication Index.

PMI production ISM marked up to 49 in June with 48.5 in May, slightly above the 48.8 forecast. Although still below 50, reading indicates a slower pace of decrease in factory activity. Separately, the American labor market showed renovated strength, because in May the professional holes increased by 374,000 to 7.769 million, the highest since November 2024 and much above 7.3 million.

After issuing data, the American dollar index rejected its dormitory 96.38 and is currently trading around 96.82, because Greenback has recovered a certain shoot.

Earlier on Tuesday, recent data from the euro area painted a slightly more confident picture. PMI in the euro area HCOB increased to 49.5 in June from 49.4 in May, reaching the highest level in almost three years. On the inflation front, the consumer price indicator (CPI) increased to 2.0% in June, compared to 1.9% in May and as expected, in accordance with the goal of the European Central Bank (EBC). The core inflation remained unchanged at 2.3%, the lowest level from January 2022.

At the annual ECB forum in Sintra, Portgual, President Christine Larde admitted that inflation is now for purpose, but warned that the risk remains “bilateral. She pointed to the growing global uncertainty, growing geopolitical tension, and changes in how companies set prices as reasons for which inflation became more tough for prediction. forecasts.

EBC also confirmed its involvement in 2% inflation in a medium period, but added that it must be more adaptable in dealing with a more unpredictable global environment.

Looking to the future, investors will monitor the comments of the chairman of the Federal Reserve (Fed) Jerome Powell during the Sintra Forum. Focus is now moving to the Thursday non -Farmy report (NFP), which can affect the next Fed policy movement.