Investing.com - The euro fell to five-week lows against the broadly stronger dollar on Tuesday, after upbeat economic data on Monday boosted the outlook for the global recovery, bolstering dollar demand. EUR/USD hit 1.3164 during late Asian trade, the lowest since July 25; the pair subsequently consolidated at 1.3167, shedding 0.19%. The pair was likely to find support at 1.3133, the low of July 22 and resistance at 1.3200. Market sentiment was boosted after data on Monday showed that Chinese manufacturing activity expanded for the first time in a year in August, while a separate report showed that manufacturing activity in the U.K. jumped to a 30-month high. In the euro zone, data showed that manufacturing activity in Spain and Italy returned to growth for the first time since 2011. Demand for the dollar was underpinned by expectations that the Federal Reserve will start to unwind its stimulus program at its upcoming policy meeting on September 18. Investors were looking ahead to Friday’s U.S. nonfarm payrolls report which is seen as central to the Fed’s decision on tapering. Elsewhere, the euro was lower against the pound, with EUR/GBP sliding 0.21% to 0.8468 and edged higher against the yen, with EUR/JPY inching up 0.07% to 131.12. The Institute of Supply Management was to release data on manufacturing activity in the U.S., later Tuesday, while Spain was to release official data on employment.

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