The EUR/USD pair extends its weekly advance on Tuesday, nearing the 1.1600 mark early in the American session. Generally speaking, the US Dollar (USD) trades with a soft tone against major rivals amid hopes the United States (US) government shutdown is living its last days.
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The GBP/USD pair attracts heavy intraday selling on Tuesday amid signs of a weakening UK jobs market and stalls a four-day-old recovery move from the vicinity of the 1.3000 psychological mark, or a seven-month low touched last week.
The price has reached a naturally bullish recent inflection zone but is likely to decline to at least $0.6500 is risk sentiment continues to deteriorate today.