Euro Touches Three-Month High Against the US Dollar Over Rate Cut Sentiments

[[EUR/USD]] has climbed to a three-month high on Monday as the dollar continued its bearish run over upcoming rate cuts by the Fed. At the time of writing, this forex pair is trading at 1.1382.

Earlier in the Asian session, the Euro had climbed to as high as 1.1386, the highest since March 22, although it has fallen slightly since then. At its most recent meeting, the Fed sounded dovish and hinted at the possibility of a rate cut happening as soon as July.

This helped the Euro strengthen after a period of considerable weakness owing to a dovish ECB, Italian budget woes and Brexit uncertainties. However, the Eurozone continues to be plagued with worries of slowdown in economic growth and weakening inflation.

Any progress in talks between US and China on the sidelines of the G20 summit at the end of this week should also help boost overall market sentiment.

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Arslan Butt
Index & Commodity Analyst
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.
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