The buying enthusiasm around the EUR stays well at the start of a new trading week, provoking the EURUSD pair to keep the trade above the key 1.13 the figure for now. The USD battles to recovers the 97.00 handle.

Positive movements from the Chinese economy in past sessions combined with favorable outcomes from the industrial sector in Eurozone helped investors to overlook about the ongoing slowdown and the dovish stance from the ECB. US President Trump had an additional affect on markets. He criticized the U.S. central bank again, saying that stocks would be a lot higher had it not been for the Fed’s actions.

The market mood around US-China trade talks is set to move EURUSD. The calm in markets supports the slow climb.

Rose Alice

About: Rose Alice

Rose Alice has a long experience as a currency analyst with a deep knowledge of the relationship between macroeconomics and currencies fluctuation.