Monday's dip was bought and the US dollar was back under broad selling pressure on Tuesday.

The latest employment news failed to bring volatility on the EUR/USD pair and the greenback was trying to erase some recent losses.

As the second quarter GDP report failed to meet estimates, investors sold the US dollar and the pair rose to new daily highs.

Investors did not buy the pound amid surprising GDP numbers and the GBP/USD pair was trading unchanged on the day.

Investors will focus on today's set of European PMIs for July, which might cause some volatility on the EUR/USD pair.