As the EUR/USD trades near 1.1900, it struggles to maintain its gains.
The Euro gains momentum on the back of optimistic economic data, with German data being scrutinized.
The demand for the US dollar is boosted by risk uncertainty.
The purchasing activity in the US dollar keeps the EUR/USD jittery in the Asian morning session on Wednesday. It continued under pressure to trade lower after rebounding from a multi-month low of 1.1891 the previous week.
The EUR/USD currency pair is currently trading at 1.1902, up 0.05 percent on the day.
The US Dollar Index (DXY), which measures the strength of the greenback against six major currencies, is up 0.02 percent at 92.03.
The spread of the highly contagious Delta strain and its impact on the global economy remain negative among investors.
Meanwhile, US Federal Reserve Governor Christopher Waller believes the central bank should begin planning the implementation of its enormous stimulus package as early as this year, allowing it to raise interest rates by late 2022.
Despite the encouraging economic figures reported on Tuesday, however, the gains in the shared currency were limited. Consumer confidence in the Eurozone increased for the fifth consecutive month in June, at -3.3. In June, the Service Sentiment Index was 17.9, much above market estimates. In June, the Eurozone Economic Sentiment Index reached 117.9, the highest level in 21 years.
For the time being, investors are watching the German Unemployment Change, Unemployment Rate, and Eurozone Core Inflation Rate.
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