Euro deepens last week's losses

Euro kept falling on Monday amid ongoing negative pressure on the common currency since last week, as the dollar kept rebounding against a basket of currencies, adding to the Eurozone's geopolitical tensions.
 
EUR/USD last traded at 1.0607, down from the opening of 1.0619, with a session-high at 1.0659, and a low at 1.0593.
 
Euro is hovering at a three-week trough versus the dollar as the greenback expands gains against a basket of major currencies, heaping pressure on the euro, specially as the common currency enters a profit-taking phase after hitting a two-month high.
 
Political tensions also weighed on the euro as France's presidential elections near, with the Far Right Candidate Marie Le Pan competing strongly on a promise to hold a referendum on EU membership, rattling markets.
 
Markets also await Fed Chair Janet Yellen's testimony ahead of Congress this week, expected to include some clues on the future of interest rates and monetary policy and how it would go with the new U.S. administration's policies, which could pile the pressure on the common currency.