At the start of this week's trading, the EUR/USD exchange rate held steady around 1.0885, retreating from the four-month high of 1.0940 reached last week. Despite the decline, the Euro/U.S. Dollar pair remained stable even as the Dollar weakened following President Joe Biden's decision to withdraw from the 2024 election.
Investors are now assessing the impact of this development on financial markets and global monetary policy.