The EUR/USD broke below 1.0630 and tumbled to 1.0574, reaching the lowest since March. The Euro continues to decline, posting its fifth consecutive da
Data from the Eurozone on Monday included the German IFO survey, which showed a smaller-than-expected decline. No significant data is scheduled from the Eurozone on Tuesday, and the critical report of the week will be the release of inflation figures starting on Thursday.
The US Dollar Index briefly reached levels above 106.00, the highest level since March. The Greenback remains supported by higher US Treasury yields. The 10-year yield rose to its highest level since 2007 at 4.52%.
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