The Euro trades at three-week highs against the Dollar, supported by positive economic data and a decline in oil prices.
The Euro held steady near 1.1550 against the US Dollar during early European trading on Thursday, maintaining gains of about 1.6% from last week. The currency pair remained at three-week highs, supported by favorable economic data and a drop in oil prices.
Prior to this, the EUR/USD pair had struggled to sustain momentum above 1.1500, with volatility driven by shifting market expectations around monetary policy and energy costs. The recent rally reflects improved sentiment toward the Eurozone economy amid easing inflationary pressures.
Markets are monitoring upcoming economic releases for further direction, though no immediate reaction was noted in early trading.