Ella 
In early Asian trading on Tuesday, EUR/USD was still under selling pressure, hitting a near one-week low of 1.0730. The U.S. dollar index rose above the 105.00 mark and U.S. bond yields moved higher, putting pressure on EUR/USD. Several Fed officials, including Michelle Bowman, Loretta Mester, John Williams and Mary Daly ) officials will speak later Tuesday.
Data released by the Institute for Supply Management (ISM) on Monday showed that U.S. manufacturing activity entered an expansion phase for the first time in nearly 18 months in March as production and new orders increased. The manufacturing purchasing managers index climbed to 50.3 in March from the previous reading of 47.8, which was higher than the expected reading of 48.4. The dollar gained momentum following positive U.S. manufacturing PMIs. Investors have raised the probability of a 25 basis point rate cut by the Fed in June to nearly 61% from 55.2% before the data, the CME FedWatch tool showed.
