Euro deepens losses on dollar's advance, downbeat German data

Euro kept falling on Tuesday for the second day in a row, as the dollar kept rising against a basket of main rivals, and following weak German data that pressured the common currency today.
 
EUR/USD last traded at 1.0577, down from the opening of 1.0581, with a session-high at 1.0605, and a low at 1.0561.
 
Euro fell today as the dollar muscled up versus main currencies amid surging odds for a Federal Reserve rate hike in the bank's meeting next week, underpinning the greenback and hurting the euro.
 
Germany's factory orders tumbled 7.4% in January, compared to December's 5.3% rise, and missing expectations of a 2.5% drop.
 
Dismal factory data from Germany heaped pressure on the common currency, adding to other unfavorable factors such as France's looming presidential elections and the gaping policy divergence between the European Central Bank and the Federal Reserve.