EUR/USD extends selloff to 1.1550 as Dollar strengthens despite weak US data

  • The EUR/USD resumed its downtrend for the second straight day as market participants digest softer-than-expected economic data from the United States (US). This and the trade agreement of the European Union (EU) and the US boosted the Dollar and weighed on the Euro, which posted a loss of more than 1.30% on Monday, the biggest since December 2024.