EUR/USD extends gains as DXY slides to near three-year low, Empire State Index slumps

  • The Euro (EUR) is climbing against the US Dollar (USD) at the start of the week, rebounding from Friday's risk-off dip triggered by hostilities between Israel and Iran. With markets less jittery and the appetite for the US Dollar fading, the EUR/USD pair gains traction as the US Dollar Index (DXY) retreats, with traders trimming risk-off bets and reacting to surprisingly weak factory data from New York.