Weak euro movement with the beginning of the week after it stopped rising last Friday

Euro trading witnessed a weak movements during Monday's Asian session, after the euro stopped rising last Friday, falling against the dollar after the positive performance which controlled the common European currency movements throughout the week. And led to the highest level in four months.

The euro against the dollar is currently trading at the level of 1.1143 which is the same as the opening of today's session price, after hitting a high of 1.1151 and the lowest at 1.1135 this comes after the euro fell on Friday to its lowest level at 1.1110 after recording the highest level in four months in the same session at 1.1246.

Strength of the euro over the past period relied mainly on the weakness of the US dollar levels against major currencies, which opened the way for the euro to rise again, as the data (less than expected) released by industrial sector and the service sector in the United States, helped to push the euro to rise against the dollar.

But last Friday released the employment sector data for the United States, to witness a decline unexpectedly in unemployment, which reached the lowest level in eight years, which helped to improve the outlook and the return of confidence to the financial markets again.

Expectations once again that the Federal Reserve Bank on its way to continue its policy to raise US interest rates gradually over this year, returning the dollar to rise last Friday and stop the euro, which closed lower.

The dollar index, which tracks the dollar's performance against a basket of major currencies, witnessed a fluctuated weak movement during trading today, to trade around the 97.0 level after recording the highest at 97.11 and the lowest at 96.97 comes after registering last week its lowest level in four months at 96.25.