EUR/USD Hits Two-Month High as Dollar Weakness Continues

The EUR/USD pair extended its advance for a third consecutive session on Monday, hitting a two-month high of 1.1606 and clearing the August peak at 1.1581.

The euro's gain was built on last week's bounce from the vicinity of the 1.1500 psychological level and attracted follow-through buyers at each attempt higher.

Broad dollar weakness rather than euro-specific strength describes the session, as the US currency continued to slide.