According to Crypto Rover, the Euro has reached its strongest level against the U.S. Dollar in over three years. This development can influence forex trading strategies, as investors might consider shifting their holdings in anticipation of further strengthening of the Euro. The potential for the Euro to emerge as a reserve currency may drive increased trading volumes as traders adjust their portfolios accordingly. Source: Crypto Rover on Twitter.

According to The Kobeissi Letter, the US Dollar Index ($DXY) fell by 3.5% last week, marking the second-largest drop since the 2020 pandemic. This decline positions the index for its third consecutive monthly decrease, primarily due to the Euro's 4.7% strengthening.