Search ForexCrunch
  • EUR/USD looks stronger beyond the 1.20 mark on Monday.
  • The selling pressure drags the dollar to multi-week lows.
  • EMU’s Current Account surplus widened to €13.3 billion in February.

The single currency gathers extra steam and lifts EUR/USD to new 7-week highs in the 1.2020 region at the beginning of the week.

The move comes exclusively on the back of increasing USD weakness following the opening bell in Euroland, while US and German bond yields trade in a steady/downward trend so far on Monday.