EUR/USD slid to a fresh 30-week low on Monday, kicking off the first trading session of the week with a 0.6% decline.
EUR/USD fell to a fresh 30-week low on Monday. US markets were thinned by a holiday, but the Greenback still rose. Fiber traders will get a breather before key data drops in the latter half of the week. Fiber extended losses below the 1.0700 handle as Euro bulls evaporate as markets await key US Consumer Price Index inflation and a fresh update to pan-European Gross Domestic Product figures, both of which are slated to publish during the back half of the trading week.
EUR/USD daily chart Euro FAQs What is the Euro? The Euro is the currency for the 19 European Union countries that belong to the Eurozone. It is the second most heavily traded currency in the world behind the US Dollar. In 2022, it accounted for 31% of all foreign exchange transactions, with an average daily turnover of over $2.2 trillion a day.
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