Market sentiment recovered as attention turned to the talks between representatives of officials from the United States (US) and China that took place in London, showing positive developments.
US officials reported that the trade talks between Beijing and Washington were going well, but there was still no final decision after 2 days of talks.
The US dollar is still moving well in the market but has not yet shown encouraging performance.
Investors are also cautious ahead of the release of US inflation data today (Wednesday) which will provide new guidance in the market after last week's NFP report.
After assessing the labor sector, the US consumer price index (CPI) data for May will be the next guide for the Federal Reserve (Fed) in setting monetary policy.
Going to drive the US dollar's movement in the New York session tonight, the forecast for the May CPI figure is rising to 2.5% from a previous decrease of 2.3%.
The published figures are likely to provide an indication of the duration of the Fed's interest rate cut measures.
The Pound was the most significant mover on Tuesday's trading session, influenced by the UK employment report.
The dismal data component led to a depreciation of the Pound in the European session before recovering slightly in the following session.
Next, the UK economic growth report will be the next driver of the Pound, due to be published on Thursday.
