After the European Union and the United States reached a trade agreement, the euro fell and the dollar rose.

After US President Trump announced a trade agreement with the European Union on Sunday, the euro fell and the US dollar rose. The agreement ended weeks of uncertainty. However, analysts at Deutsche Bank mentioned in a research report that European companies may find it "significantly more difficult" to export to their most important overseas markets, which could hinder the European economy. Attention this week also shifted to the Federal Reserve meeting, with interest rates expected to remain unchanged. The euro fell by 0.25% to $1.1712, down from the two-week high of $1.1770 last week. The DXY US dollar index rose by 0.25% to a six-day high of 97.918.