Euro falls off 26-month peak on profit-taking

Euro fell in European trade on Monday for another session against dollar off 26-month highs on active profit-taking. 

EUR/USD fell 0.3% to 1.1740, after closing down 0.6% on Friday, the first loss in three days on profit-taking off 26-month highs at 1.1908. 

The pair rose 4.8% in July, the largest monthly profit since September 2010. 

The powerful gains came as Europe launched a historic financial rescue package against the coronavirus pandemic, while the US dollar tumbled. 

The dollar index rose 0.25% on Monday for another session away from two-year lows at 92.55. 

Dollar's recovery comes on haven demand as risks continue to besiege global markets while US-China relations continue to deteriorate.