Session Recap: Euro trades below 1.3000 again; USD advances

FXstreet.com (San Francisco) - The Euro traded lower on Tuesday weighed by a bath of disappointing PMI data across China, Europe and the United States. The EUR/USD is trading below the 1.3000 after an attempt of recovery that was capped at 1.3030.

The EUR/GBP declined to test 0.8500 and the EUR/JPY fell to 128.00, however the single currency managed to bounce above 129.00.

A fake tweet from AP, nicknamed 'bogus', about a bomb in the White House moved the market briefly with the USD/JPY falling and bouncing 100 pips in a matter of minutes. Wall Street experienced the same performance with strong, but short, collapsed.

The USD index traded higher on Tuesday to test highs in the area of 83.10/15. The GBP/USD declined to test the 1.5200 level and the USD/CHF rocketed to the 0.9450 area.

Main headlines in the American session:

US Markit Manufacturing PMI falls to 52 in Apr from 54.6 in Mar

US: Housing Price Index rose 0.7% in February

Bank of Italy: Downside growth risks to official GDP forecast

American equity markets rise steadfastly

US: New Home Sales rises 1.5% to 0.417M in April

Spanish PM: European growth worse than forecast this year

A wee-little double-top completed in USD/JPY

AP confirms White House explosion tweet was “bogus”

Forex: EUR/USD falls below 1.3000

Wall Street advances for third day after 'bogus' hypo