Euro Flat After Surrendering Early Gains, EUR/USD Near 1.1370
EUR/USD erased its initial advance on Monday, settling near 1.1370 as traders await Eurozone growth data and the Fed’s policy decision.
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The euro gave up its early session gains against the dollar, with EUR/USD edging lower to around 1.1370. The pair had briefly climbed earlier but reversed course as caution set in ahead of key events.
Investors are now looking to upcoming Eurozone growth figures and the Federal Reserve’s monetary policy announcement, both expected this week. The cautious mood kept the currency in a narrow range.
No major economic releases from the euro area were on Monday's calendar, leaving the pair to drift with broader market sentiment.
Source: FXStreet Forex News