EUR/USD adds to recent losses and breaches 1.0800 ahead of data – by pabspiovano EURUSD Currencies Majors
The greenback remains firm and climbs to multi-day highs.The single currency starts the new trading week on the defensive and dragsEUR/USD retreats for the second session in a row and revisits the sub-1.0800 region at the beginning of the week amidst the continuation of the strong recovery in the dollar and a so far tepid bounce in US yields.
Later in the session, final Manufacturing PMIs are due on both sides of the Atlantic along with the key US ISM Manufacturing, Construction Spending and the speech by FOMC’s L.Cook .EUR/USD drops to multi-session lows below the 1.0800 mark amidst further weakness in the risk complex and the persistent risk-off trade.
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