The EUR/USD currency pair saw significant movement as it rebounded from a two-year low of 1.0332 recorded on Friday. During Monday’s Asian session, EUR/USD traded near 1.0480, suggesting a recovery phase. This resurgence can be attributed to a correction in the US Dollar, despite the positive release of the preliminary S&P Global US Purchasing Managers’ Index (PMI) data from the previous session. Such fluctuations highlight the ongoing dynamics in the forex market, driven largely by economic indicators and investor sentiment. Traders should monitor these shifts closely as they can offer valuable insights into future market trends.