Session Recap: EUR/USD advances despite dollar strength

FXStreet (Córdoba) - The trades broadly higher Tuesday with the main exception of the euro, which has outperformed despite disappointing German ZEW economic sentiment data. The EUR/USD trades around 1.3725 after peaking at 1.3734.

The pound on the other hand, was weighed by softer-than-expected UK inflation data, dipping below the 1.6700 mark versus the dollar. As for the USD/JPY, the pair rallied to a 3-week high after the surprise move by the BOJ to expand its lending facilities and it was last around 102.50. Risk sentiment deteriorated during the European session allowing the greenback to reverse losses versus the AUD.

During the American session watch for NY Fed Empire State survey and housing market index.

Main Headlines in Europe:

Why gold prices could continue to be supported in 2014

European open: Focus on UK inflation numbers

BoJ's Kuroda: Japan's economy is on track

EMU: Current Account surplus narrows to €21.3B in December

UK: Annual CPI up 1.9% in January

Germany: ZEW Survey – Economic Sentiment deteriorates in February

UK inflation continues to decline but Carney will not be rushed