EUR/USD rises as US Dollar drops at the start of Fed policy decision week

  • EUR/USD trades slightly higher to near 1.1325 during the European trading hours on Monday,  further gaining ground after touching a three-week low of 1.1265 late last week. The major currency pair rises as the US Dollar (USD) on persistent uncertainty over United States (US)-China trade relations and as investors turn cautious ahead of the Federal Reserve's (Fed) monetary policy announcement on Wednesday.