EUR/USD
The euro remained lower against the U.S. dollar on Tuesday, after the release of disappointing euro zone service sector data. Market research group Markit reported that the euro zone's services purchasing managers' index slipped to 54.2 last month, from 54.3 in February. Analysts had expected the index to remain unchanged. Meanwhile, Germany's services PMI rose to 55.4 in March from a reading of 55.3 the previous month, while France's services PMI fell to 52.4 last month from 52.8 in February, compared to expectations for an unchanged reading.
GBP/USD
The pound erased gains against the U.S. dollar on Tuesday, even after data showed that U.K. service sector activity expanded at the fastest rate in seven months in March as the greenback recovered from Friday's downbeat U.S. employment data. In a report, market research group Markit said its services purchasing managers index increased to 58.9 last month from a reading of 56.7 in February. Analysts had expected the index to rise to 57.0 in March.
USD/JPY
The Japanese yen strengthened to 119.88 and rise 0.29% on Tuesday, as the Bank of Japan began a two-day policy meeting. The BOJ starts its two-day policy board meeting where it is expected to maintain its monetary policy target.
