Investing.com - The U.S. dollar steadied in early European trading Tuesday, while a bounce in European services activity data in April helped the euro.
That said, the greenback remains elevated after a run of stronger-than-expected economic data, accompanied by hawkish comments from Federal Reserve officials, have forced traders to pare back expectations of rate cuts in the summer. The services PMI soared to 52.9 from last month's 51.5, making up for the drop in the manufacturing PMI to 45.6 from 46.1.
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