Euro rises to 3-week high against US dollar in week's first session

Euro fluctuated higher in a narrow range during the Asian session, to its highest since March 22 against US dollar on the threshold of developments and economic data release expected on Monday by the German economy and amid a lack of economic data by The US economy.

As of 5:37 GMT, EUR/USD rose 0.08% to 1.1378 compared to the opening at 1.1360, which is the pair's lowest level during the trading session, while the pair reached its highest level in three months at 1.1386, we would like to point out that EUR/USD started the week at a bearish price gap after closing last week at 1.1369.

Markets are currently looking for the German economy to reveal its reading for the IFO Business Climate Index, which may reflect a contraction of 97.4 versus 97.7 in May, while the same index of forecasts may see a widening to 94.6 versus 95.3 in May , And the German IFO Current Assessment may also show the expansion declining to 100.3 versus 100.6 last month.