EUR/USD REMAINS SUBDUED AROUND 1.1350 DUE TO SIGNS OF EASING US-CHINA TENSIONS
EUR/USD REMAINS SUBDUED AROUND 1.1350 DUE TO SIGNS OF EASING US-CHINA TENSIONS
The EUR/USD currency pair has experienced a second consecutive day of decline, trading around 1.1360 during the Asian session on Monday.
This downward movement is attributed to a strengthening US Dollar, which has gained momentum amid signs of easing tensions between the United States and China.
The EUR/USD pair has weakened for the second consecutive session, trading around 1.1360 during the Asian session on Monday.
This decline reflects a broader trend of the Euro underperforming against the US Dollar.
The US Dollar has gained strength due to easing tensions between the United States and China.
Recent developments, including discussions to de-escalate trade tensions, have bolstered investor confidence in the US Dollar.
The easing of US-China trade tensions has led to a more risk-on sentiment in the markets, with investors seeking assets perceived as safer, such as the US Dollar.
This shift in sentiment has put pressure on the Euro, contributing to its decline against the US Dollar.
Traders are closely monitoring key technical levels in the EUR/USD pair.
A break below the 1.1350 level could signal further downside potential, while a rebound above this level may indicate a reversal in the current trend.
