The currency pair remains pressured by falling energy prices and lower bond yields in both the US and eurozone.
EUR/USD settled around 1.1650 at the end of last week, driven by a sharp decline in oil prices and a drop in both US and euro area bond yields. The move reflects broader market sentiment tied to energy costs and monetary policy expectations.
Recent trading follows a period of volatility, with the pair previously influenced by diverging central bank signals and inflation data. Upcoming releases, including the US ISM Manufacturing PMI and eurozone HICP, are expected to provide further direction.
Market focus remains on yield differentials and energy price trends as key drivers for the currency pair in the near term.