EUR/USD Climbs Back to 1.0850 Amid Mixed European PMIs
The EUR/USD pair has managed to recover to 1.0850 after experiencing a dip towards the end of last week. Initially, it fell below the significant 1.08 mark due to selling pressures. However, recent comments from United States officials about upcoming tariffs targeted by sector seem to have provided some stability. Analysts currently project that the pair is likely to stay above the 1.08 threshold in the aftermath of these developments. As investors and traders navigate this currency pair, they should stay alert to news from both Europe and the US that could influence future price movements.