Forex
EUR/USD Holds Steady as US Treasury Moves Weigh on Dollar
The EUR/USD pair is holding steady near 1.1680 during early European trading hours on Monday, after US Treasury Secretary Scott Bessent's announcement to double long-end bond buybacks weighed on the US Dollar.
Fiscal interventions from the US Treasury and uncertainty over the Federal Reserve's policy path are exerting selling pressure on the Greenback.
The market is bracing for details of sanctions on Iran and a policy speech by Fed Chairman Kevin Warsh this week, which could impact the USD's value.