Economy Update
The euro experienced an upward trajectory in early trading on Monday, while the dollar fell to its lowest level in over two months, reflecting increasing concerns regarding the growth prospects of the American economy.
The euro’s gains pushed it to a month-high of 1.0528 against the dollar, with subsequent transactions recorded at $1.0512, representing an increase of 0.5 percent.
Overall, the dollar’s decline followed a week dominated by extensive economic data from the United States and remarks from various officials at the Federal Reserve.
Trading activity was subdued on Monday due to the closure of the Japan Stock Exchange in observance of an official holiday.
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