Copyrighted Image by: Reuters.

The Euro has maintained its bullish stance against the US Dollar, staying above key moving averages despite a brief retraction from its weekly high. Market participants have been closely monitoring the currency pair after the Federal Reserve released its Meeting Minutes, which reinforced the central bank's commitment to maintaining a high-rate policy to combat inflation expectations. The EUR/USD pair tested the critical level of 1.0900 following the release, but market reaction remained subdued.

Investors are now looking ahead to Wednesday's economic data releases for further direction. The upcoming figures include:

As market players assess these indicators and forecasts, the Euro's performance will continue to be influenced by economic data releases and central bank policy decisions in both Europe and the United States.

https://www.investing.com/news/forex-news/euro-holds-firm-against-dollar-as-markets-digest-feds-highrate-stance-93CH-3240488