The greenback was briefly higher in the EU morning, with the EURUSD pair hovering at around 1.1850 and the USDJPY pair pushing above 105.60.
Meanwhile, German factory orders soared in June, printing 27.9% month-on-month, far above the 10% gain expected. The yearly change improved from -30% to -11.3%. These numbers are keeping the V-shape narrative alive.
From other news, the Bank of England maintained its key interest rate at 0.10%. Still, the central bank might provide fresh stimulus in the coming months if the economic situation deteriorates further.
Later in the day, US jobless claims are due, and with yesterday's huge ADP miss, it looks like the labor market in the USA is weakening again as more lockdowns are reintroduced.