The negative mood persists around the European currency during the first half of the week, motivating EUR/USD to briefly visit lows in the sub-1.1700 area, where dip-buyers apparently turned up. The pair is navigating fresh 2-day lows in the 1.1700 neighborhood, as sentiment among traders seems to have shifted towards the greenback in a context where the risk-on trade dominates. On the other side, higher yields in the US money markets have been sustaining the moderate recovery in the buck and thus lifting the US Dollar Index to fresh tops well north of the 94.00 mark, with investors keeping a close eye on the US-China trade front and the upcoming European tour by President Trump. In the data space, German/EMU Economic Sentiment measured by the ZEW Survey disappointed expectations for the current month, also adding to the ongoing EUR bearish trend. (source: fxstreet)