**BREAKING: EUR/USD Maintains Upside in Monday Trade as Dollar Momentum Stalls**
The euro is holding modest gains against the US Dollar during Monday’s American session as the greenback fails to extend Friday’s rally. The Dollar had strengthened after Federal Reserve Chair Kevin Warsh delivered hawkish comments at the Jackson Hole Symposium, but that momentum has faded in early-week trading.
EUR/USD remains in positive territory as market participants await key Eurozone inflation data that could significantly impact the currency pair’s direction. The stalled Dollar recovery suggests traders are taking a cautious stance following Warsh’s policy signals, with attention now shifting to European economic indicators.
The pair’s resilience despite hawkish Fed rhetoric indicates uncertainty about the central bank’s policy path or profit-taking after Friday’s Dollar strength. Traders, brokers, and FX professionals should monitor upcoming Eurozone inflation figures closely, as they will likely determine near-term direction for the euro and influence European Central Bank policy expectations.
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FXnCO Insight
** Watch Eurozone inflation releases closely this week, as stronger-than-expected data could accelerate EUR/USD gains while the Dollar consolidates.
Source: FXStreet