EUR/USD commenced the week with a downturn, retreating back into familiar near-term lows. The pair missed out on a fresh attempt to break the 1.0600 barrier, sliding down into the 1.0500 region instead. On Monday, it depreciated by nearly eight-tenths of a percent. The recent U.S. Purchasing Managers Index (PMI) figures surpassed analysts’ expectations but still dropped below the critical 50.0 contraction threshold, resulting in heightened demand for the safe-haven Greenback. This economic data reflects the ongoing struggles faced by the Euro in gaining traction against its U.S. counterpart. Traders are now cautious as they anticipate further developments that could impact the euro’s stability against the dollar.