The euro moved lower against the U.S. dollar on Tuesday even after retail sales surprised in the U.S., as investors shrugged off the good news and avoided risk by remaining in safe-haven dollar positions.
Fears brinkmanship may arise during the upcoming U.S. debt-ceiling debates similar to 2011, when the U.S. nearly defaulted, quelled appetite for higher-yielding asset classes.
In U.S. trading on Tuesday, EUR/USD was trading down 0.27% at 1.3346, up from a session low of 1.3311, and off from a high of 1.3394.
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