IHS Markit's Euro Zone Flash Composite Purchasing Managers' Index for July, seen as a good guide to economic growth, fell to 55.8 from June's 56.3, still comfortably above the 50 level that separates growth from contraction.
The Yen continues to be sold against the U.S Dollar, which is making the Japanese currency stronger in the short term. The Federal Reserve may continue to be dovish on Wednesday. If the Nikkei continues to be cautious too, the Yen may continue to become stronger and see the U.S Dollar sold against the
Investing.com - The U.S. dollar was nursing losses near 13-month lows against a basket of the other major currencies on Monday, pressured lower by ongoing concerns over political turmoil in Washington, while the euro was steady near two-year highs.