EUR/USD Climbs on Stagflation Fears in the US
In Monday’s European trading session, the EUR/USD pair surged to nearly 1.1400, aiming to reclaim prior highs of 1.1474 reached last Friday. Market sentiment suggests that growing concerns about stagflation risks in the US are driving the Euro’s strength against the Dollar. Investors are closely monitoring economic indicators that may impact central bank policy decisions. This dynamic showcases how macroeconomic factors affect currency movements, opening doors for targeted trading opportunities.