Euro rises to two-week high

Euro kept rising on Tuesday to a two-week high as the dollar slid against a basket of currencies following mixed U.S. housing data today. 

The dollar tumbled today following mixed housing data from the U.S. while the pound soared after U.K. Prime Minister Theresa May asked for snap elections. 

A lack of data from the euro zone made investors attached to dollar's movements and political developments, in turn buoying the common currency today. 

EUR/USD last traded at 1.0703, up from the opening of 1.0645, with an intraday high at 1.0707, and a low at 1.0638. 

Caution remains in European markets as French elections loom, with recent polls showing continued strength for Far Right candidate Marie Le Pen, who campaigns on a promise to exit France from the European Union.