Italy Producer Price Index (MoM) rose from previous -0.7% to 1.5% in January | FXStreet

EUR/USD now loses the grip and slips back toward the 1.1630 region on Tuesday. The US Dollar, meanwhile, regains some balance and advances marginally following steady safe-haven demand, as investors grow increasingly cautious that a prolonged conflict in the Middle East could disrupt global energy supplies and weigh on global growth.