European session: USD trades on a six-week high.[E]

The next data issued:
06:00 DE HICP (May) final, y/y 2.1% 2.1% 2.1%
06:00 DE CPI (May) final, y/y 1.9% 1.9% 1.9%
06:00 DE CPI (May) final 0.2% 0.2% 0.2%
08:30 UK RPI-X (May) y/y 2.9% 2.4%
08:30 UK Retail prices (May) y/y 3.0% 2.6%
08:30 UK Retail prices (May) 0.6% 0.4% 0.8%
08:30 UK HICP (May) y/y 2.2% 2.2% 2.0%
08:30 UK HICP (May) 0.5% 0.4% 0.6%
09:00 DE ZEW economic expectations index (June) 37.8 38.0 50.0

EU session on Tuesday showed USD consolidating in a narrow range near six-week highs against EUR.
EUR decreased versus USD after a report showed investor confidence in Germany declined to its lowest since July.
Released ZEW data showed June index drop lower than expected one. June became the six months of index fallen.
Besides the separate CPI report in Germany informed index growth slowed down due to significant increase of price pressure outside energy carriers sector.
The harmonized CPI of Germany calculated in view of standards of the European union showed expected. But in Britain the CPI exceeded BoE target level 2.0%.

EUR/USD after the news from Germany has tried to take support on $1.2570, but could not. By the end of session the rate consolidated in a range $1.2870/1.2600.
GBP/USD after testing support on $1.8390 climbed in area $1.8450/60. Offers led to recoil in $1.8420. After that the rate was stabilized in a narrow range $1.8420/40.
USD/JPY consolidated in a range Y117.30/70.

USA PPI report is awaited for today. Forecasts inflation acceleration that will lead say on further FED rates hike.