EUR/USD churned on Monday just below 1.0900 as the new trading week kicks things off on a notably light note.
EUR/USD continued to drift near 1.0900 after a quiet start to the new trading week. The Euro is poised for a rebound after paring back gains against the US Dollar. Key data due later in the week, data-light sessions expected until then. Meaningful data remains limited for the first half of the trading week, leaving Fiber traders to shuffle in place as investors await Wednesday’s key Purchasing Managers Index figures for both the EU and the US.
EUR/USD hourly chart EUR/USD daily chart Euro FAQs What is the Euro? The Euro is the currency for the 20 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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