(CNBC) The dollar slipped against the euro on Tuesday after a better-than-expected German economic sentiment survey boosted the common currency even as continued uncertainty about the outlook for U.S.-China trade talks kept large moves in the FX market in check.
The boost to the euro from the survey was unlikely to significantly change the euro’s direction against the greenback, John Doyle, vice president of dealing and trading, at Monex Inc in Washington, said.
“Overall we are in wait-and-see mode for the dollar,” Monex’ Doyle said.
“Central bank meetings and the UK election are the biggest risk events this week so we see volatility picking up a touch starting tomorrow afternoon,” he said.
