EUR/USD Extends Gains to Two-Month High Amid Weaker USD
The EUR/USD pair has continued its upward momentum for three consecutive sessions, reaching a two-month high after rebounding from the 1.1500 area.
Weak US Retail Sales data and a steepening US 2/30s yield curve have added pressure on the USD, tempering expectations for an imminent Fed rate hike.
Market attention is now turning to Wednesday's FOMC Minutes for clearer signals on the Fed's policy outlook and near-term direction in EUR/USD.