The Euro was just a little weaker against the United States Dollar on Monday, with the pace of its fall slowing. That may not be the case for long, however. Monetary policy differentials remain strongly in the greenback’s favor, leaving the Euro on the ropes.
The lack of serious escalation in tensions between Israel and Iran has seen risk appetite perk up a little, sending the Dollar broadly if only marginally lower. The Euro has benefitted from this, but Middle-Eastern geopolitics remain extremely fluid and this is not reliable respite.
