The EUR, meanwhile, is correcting, with the pair currently trading at $1.1685. After Donald Trump's hawkish speech on the central banks manipulating currency rates the greenback got weak. However, the Secretary of the Treasury Steven Mnuchin was more dovish, saying the government still trusts the Fed's policy and does not question it in any way.
Thanks to that, the dollar recovered some of its losses against the euro and reached its previous values. The verbal interference effect did not last long, just as expected.
Today, the market is watching the fundamentals in the Eurozone, but not very actively. The German ZEW index went down from 54.50 to 54.40 in July, while the manufacturing production rallied from 55.90 to 57.30. In France, the data were mixed, same as the Eurozone overall stats, with the service PMI in July going down to 54.40, while the manufacturing PMI rising from 54.90 to 55.10.
This is common for summer, when the service sector declines, although catering and food services are highly in-demand as of now.