The Euro has shown impressive gains against the U.S. Dollar at the week’s start, backed by a rebound from the previous risk-off dip due to rising tensions between Israel and Iran. As market anxieties lessen, the EUR/USD currency pair is gaining traction, trading positively as the U.S. Dollar Index (DXY) declines near a three-year low. Traders are reacting to disappointing factory data from New York, adjusting their positions accordingly. This shift in sentiment underscores the market’s current appetite for risk. As the Euro continues to outperform, market participants will watch closely for further developments that may impact this currency pair’s trajectory in upcoming sessions.