Economic reports at the end of last week were in favor for the US dollar. On Thursday the 23th, US claims dropped to its lowest point since 1973, 255,000 unemployed people, 24,000 below analysts’ expectations.
On Friday the 24th, Manufacturing reports in France and Germany (both leading European countries) were negative, adding pressure on the EUR currency.
We will wait for the 27th for the outcome of 2 major reports. German IFO business climate and core durable goods orders in the USA, both can change the balance between the EUR/USD.