Euro at seven-week lows ahead of German sentiment data

Euro steadied against dollar near seven-week lows as investors shun new positions ahead of German sentiment data. 

EUR/USD last traded at 1.1032, after closing down 0.25% on Friday to seven-week lows at 1.1019. 

Euro lost 0.6% last week, the fourth weekly loss in a row and the longest such streak since October. 

Bets are increasing for a European rate cut, widening the gap further between US and European monetary policies and weakening euro. 

US President Donald Trump also threatened to put tariffs on European products if no "fair" trade deal was reached. 

Later today, an index tracking German business sentiment is expected up to 97.1 in January from 96.3.