LONDON (UK) – As traders took a break and braced for the European Central Bank meeting on Thursday, the euro registered a dip on Monday. They are carefully watching if policymakers will introduce more stimulus measures.
In recent weeks, the greenback has slid to two-year lows against the euro as investors predict US interest rates would remain low for a longer period just as European policymakers agreed upon a significant recovery fund to boost the economy.
In recent sessions, the dollar has steadied, especially after the euro’s brief encounter with the $1.20 level was followed by selling of the single currency.
In thin trading with US financial markets, which remain closed for a public holiday, the euro slid 0.1% to $1.1822 while the dollar index marked a gain of 0.1% to 93.024.
