The Euro dipped to its lowest level against the Dollar in two months amid shifting global yields and mixed economic signals.
EUR/USD fell to a two-month low near 1.1500 at the start of the week before recovering slightly, driven by a firm Dollar and volatile global yields. The move coincided with modest steepening in yield curves and broader FX shifts, including weakness in the Norwegian krona and strength in the Swedish krona versus the Euro.
The June Sentix investor confidence index for the euro area rose to -13.4, beating consensus expectations of -14.6, though it remains negative. German factory orders dropped 3.8% month-over-month in April, reversing a revised 4.5% gain in March, signaling weakening demand amid rising costs and supply disruptions.
The Dollar’s resilience and mixed economic data continue to pressure the Euro, with markets monitoring interest rate trends and their impact on investor sentiment.