EUR/USD resumes its rebound off 2-year low

The Euro fluctuate higher during the Asian session to see its fifth session retreat in seven sessions since its lowest in June 26, 2017 against the US dollar on the eve of economic developments and data expected  by the economies of the eurozone and the US economy.

At 04:51 GMT, EUR/USD rose 0.10% to 1.1336, compared with the opening at 1.1325, after hitting a high of 1.1338, while reaching a low of 1.1317.

Investors are now looking to the eurozone economy as a whole to unveil the trade balance, which could show a surplus of 17.2 billion euros from 15.6 billion euros last December, ahead the Monthly Report of the German Central Bank.

On the other hand, we've followed last week. US President Donald Trump saying that the EU was doing business with his country unfairly and that his administration may impose tariffs on US imports from the EU if Brussels did not show willingness to negotiate trade relations Between the two parties. noting that the US administration is considering imposing tariffs on European cars.

The markets are currently looking for the US economy to reveal housing market data with the  Housing Market Index reading by the National Association of Home Builders(NAHB) , which may reflect a widening to 63 versus 62 in February, just hours before the FOMC meeting For the open market Tuesday in Washington.