EUR/USD plummets as 90-day US-China trade truce strengthens US Dollar

  • EUR/USD plunges below 1.1100 during European trading hours at the start of the week. The major currency pair faces an intense selling pressure as the US Dollar (USD) rallies after the United States (US) and China, in a joint statement, announced a higher-than-expected reduction in tariffs for 90 days imposed in April.