Euro remains well on the defensive vs. the US Dollar.
Stocks in Europe maintain the positive streak on Wednesday.
EUR/USD approaches the key support at 1.0800.
The USD Index (DXY) advances to new two-month highs near 104.00.
Flash PMIs in the euro area came in mixed for the current month.
Housing data, advanced PMIs are due next across the pond.
There is no respite for the selling pressure around the Euro (EUR) against the US Dollar (USD), forcing EUR/USD to trade in new multi-week lows and dispute the key support at 1.0800 the figure on Wednesday.
Further gains in the Greenback now encourage the USD Index (DXY) to trade at shouting distance from the key barrier at 104.00 in a context of further correction in US yields across different maturities following recent peaks.
In terms of monetary policy, there has been renewed discussion regarding the Federal Reserve's commitment to maintaining a more restrictive stance for an extended period of time. This renewed focus is a result of the US economy's resilience, even amidst a slight easing in the labour market and lower inflation readings in recent months.
At the European Central Bank (ECB), internal disagreements among its Council members have surfaced regarding the continuation of tightening measures beyond the summer period. These disagreements are contributing to a renewed sense of weakness that is having a negative impact on the Euro.
Looking ahead, market participants are expected to approach the upcoming Jackson Hole Symposium and Chairman Jerome Powell's speech in the latter part of the week with caution.
In the euro docket, flash PMIs in Germany and the broader euro area showed a small improvement in the manufacturing sector vs. renewed weakness in the services gauges
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