EUR/USD Climbs Higher Amid US Dollar Uncertainty Ahead of Fed Meeting

The EUR/USD currency pair moves up to approximately 1.1325 during European trading hours on Monday. This gain follows a dip to a three-week low of 1.1265 late last week. This increase in the major currency pair stems from ongoing concerns regarding US-China trade relations, coupled with investor caution leading up to the Federal Reserve’s monetary policy announcement scheduled for Wednesday.

The uncertainty surrounding the US Dollar has created a favorable environment for the Euro to strengthen. Investors are closely monitoring how the Fed’s upcoming decision will influence currency markets.