EUR/USD up to 1.3715 as Investors Wait for Fresh Data

The euro edged up slightly versus the dollar on Monday after two punishing weeks as investors waited for fresh data, with its upside pressured by growing expectations of easier policy in the euro zone.

The euro added about 0.1 percent to $1.3702, nursing losses of over 1 percent suffered in the past two weeks and moving away from a nadir of $1.3648 touched on Thursday. That was its lowest level since late February, in response to data showing the euro zone grew much less than expected at the start of the year.

The common currency has crumbled under mounting expectations that the European Central Bank (ECB) will ease policy next month, and investors are increasingly betting on a weaker euro.

Reuters

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.