EUR/USD traded sluggishly just above 1.0400 amid illiquid trading activity in the European session on Monday.
The Euro (EUR) is set to end the calendar year down nearly 5.5% against the US Dollar (USD), which was hit particularly hard during the last three months of 2024 as the European Central Bank (ECB) maintained its dovish stance on interest rates.
In addition, market participants are concerned about the Eurozone's economic growth as the impending tariff hikes from US President-elect Donald Trump are likely to destabilize its export sector.
Source: FXStreet
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