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Euro/USD Declines after Six Consecutive Rises

M. Ali 7 September, 2021 4:54 am Forex Market, Market Update

The Euro (EUR) declined on Monday against the rising U.S. Dollar (USD), registering its first loss in seven sessions.

The EUR/USD pair slipped by 0.06% to reach 1.1872, maintaining the 1.870 level, but remaining lower year to date by about 2.82%.

This was the first and largest loss for the pair since August 26.

Earlier, the Sentix Investor Confidence declined to 19.6 in September, from 22.2 in August, according to data released by Sentix GmbH. The reading indicates concerns in the Eurozone over the spread of the Delta variant of the coronavirus and possible impacts on recovery.

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