The European currency recouped some of its Asian session losses against the US dollar in early deals on Monday.
The euro snapped back above the 1.28 level against the dollar, rising as high as 1.2828 around 6:10 am ET from Asian session's 4-day low of 1.2773.
If the euro-buck pair extends gains, 1.2850 is seen as the next likely resistance level in the near-term.
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Forex News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.