EUR/USD falls for the sixth consecutive session

Euro fell during the Asian session to see its eighth session drop from its highest level since February 4 against the US dollar, on the threshold of economic data and developments expected on Tuesday by the US and the Eurozone economies.

At 04:48 GMT, EUR/USD rose 0.12% to 1.1200 compared with the opening at 1.1213 (the session's highest), while the pair's lowest since March 8th at 1.1196.

Investors are currently waiting for the Spanish economy, the Eurozone's fourth-largest economy, to release a reading of the Unemployment Change Index, which could reflect a 33.3K decline from the 3.3K rise in February, before the Eurozone release its Producer Price Index (PPI), which is counted as a leading indicator of the inflationary pressures, which would show a slowing growth rate to 0.2% from 0.4% in January, while the same year's annual reading may show growth accelerating to 3.1% vs. 3.0%.

On the other hand, investors are looking for the US economy to release the Durable Goods Orders, which account for about half of consumer spending, and more than two-thirds of the US GDP, which would show a 1.1% drop from January's 0.3%. , While the core reading of the same index may rise 0.3% from 0.2% in January.