EUR/USD Dips Below 1.0500 as US Dollar Index Rebounds from Monthly Lows
EUR/USD slid to approximately 1.0480 during the Asian session on Monday as the US Dollar Index (DXY) recovered from its monthly low of 107.22, recorded last Friday. At the time of writing, the DXY is trading near 107.60. The US Dollar gained traction after the release of mixed US Purchasing Managers’ Index (PMI) data. Market […]