The Euro starts the week on a +0.35% rebound towards $1.0725/1.0730.
In the absence of any key data (nothing on the US agenda this Monday, no speeches by FED members), the Dollar has shifted little (-0.2% to 105.58) after reopening stable at 105.85.

On the macro-economic front, the only figure of the day came from Germany, with the Ifo business climate index down -0.7 at 88.6.
The sharper-than-expected deterioration in German business confidence in June shows that Europe's leading economy is not out of the woods yet.

The dollar has held up well against the euro over the past fortnight, thanks to the political turbulence in Europe, but questions are becoming more pressing just a few days ahead of the first debate between Joe Biden and Donald Trump, scheduled for this Thursday, in the run-up to the US presidential election in November.

Will Joe Biden be able to stand up to Donald Trump in what could be a "no-holds-barred" debate?

The markets are also likely to remain plagued by uncertainty over the pace of inflation across the Atlantic.

Against this backdrop, market participants will be keeping a close eye on Friday's publication of the PCE inflation index, which the Fed is keeping a particularly close eye on.
Note the weakness of the Swiss franc, which has lost 0.05% against the dollar and -0.45% against the euro to 0.8585

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