EURUSD

The currency pair is starting cautiously ahead of the Manufacturing and ISM Manufacturing PMI data expected from the US at the beginning of the new month. The manufacturing PMI data from China over the weekend, which was in line with expectations but remains in the contraction zone, is putting pressure on global risk appetite, causing the Dollar to maintain its strength due to safe-haven demand. A slowdown in the US manufacturing sector could support the currency pair by increasing expectations for Fed rate cuts, while strong data could continue the current positive trend in the Dollar.