euro-bank-notes - EUR
  • EUR/USD slides to multi-day lows near 1.2070.
  • Eurozone Unemployment Rate remained at 8.3% in December.
  • January’s US ISM Manufacturing up next

The Euro remains under pressure dragging EUR/USD to a3-day low at 1.2070 at the start of the week.

EUR/USD looks to USD, data

EUR/USD trades lower on Monday The renewed demand for the greenback keeps the pair under pressure dragging EUR/USD back under.2100 levels.

The US Dollar is supported by souring risk sentiment and some consolidation in US yields.

Looking ahead final Manufacturing PMIs in the Eurozone came in marginally above the flash readings in January. The unemployment rate remained in the Eurozone held steady at 8.3% in December.

In the US, ISM Manufacturing followed by Markit’s final manufacturing gauge for the same period will be eyed by investors.