The optimism around the European currency – and the risk complex in general – appears well and sound and now lifts EUR/USD to multi-week highs around 1.0940 on Tuesday.

EUR/USD up on weaker dollar, looks at data

EUR/USD advances for the second consecutive session and leaves behind the key resistance area around 1.0930, extending further Monday’s rebound from the sub-1.0800 region

The persistent offered bias in the greenback continues to underpin the marked uptrend in the pair, which seems to have met extra legs in the recent hawkish tone from some ECB-speakers as well as the probability that the Fed might enter a pause-mode in May.

Earlier in the euro area, Germany’s trade surplus came at €16B in February. Later in the session will come EMU’s Producer Prices followed by the ECB Consumer Expectations Survey.

Across the ocean, February’s Factory Orders, the IBD/TIPP Economic Optimism index, JOLTs Job Openings and the speech by FOMC L. Cook (permanent voter, centrist) are also due.