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EUR/USD is trading close to the key 200-day moving average, reflecting continued cautious optimism in currency markets.
The Fed’s view is unclear, U.S. housing data is weak, and the European Central Bank is optimistic about inflation and potential interest rate cuts.
Upcoming data on U.S. durable goods orders and consumer confidence will update the economic outlook.
EUR/USD recouped some of Friday’s losses but was still unable to reclaim the 200-day moving average (DMA) at 1.0839. The dollar lost momentum late in the U.S. session despite comments from Federal Reserve officials. EUR/USD was at 1.0837, up 028%.
