EUR/USD Edges Up to 1.3540 Amid Geopolitical Concerns

The euro regained more ground on the dollar in Asia on Monday, having rebounded from a five-month trough, but trading was anything but energetic thanks to a holiday in Japan and amid concerns that geopolitical tensions could flare up at any time.

The common currency drifted up 0.2 percent to $1.3546, extending Friday’s bounce from a five-month low of $1.3491.  Solid support is seen at $1.3460/80, an area that had provided a floor on several occasions for the common currency in the past 10 months or so.

“The Japanese holiday has quietened things in Asia,” said Mitul Kotecha, head of FX strategy at Barclays in Singapore.  “There is not a great deal of first-tier data either and investors have one eye on geopolitical events, all of that is a recipe for generally lackluster trading.”


Content 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 Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at Visit to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.