EUR/USD takes a halting plunge, tests below 1.10 as key inflation data looms ahead

  • EUR/USD took a hard step lower on Monday, kicking off the new trading week with a fresh dip below 1.1000 before a late recovery pushed the pair back toward 1.1100. The Fiber still closed 1.4% lower on the day, and investors are bracing for a fresh batch of United States (US) Consumer Price Index (CPI) inflation data due on Tuesday.