The U.S. Dollar index (DXY) is trading flat at 104.28, while the EURUSD has edged up by 0.21% to 1.08180 this week. The Dollar had rallied for four consecutive weeks but the EURUSD ended last week 0.60% lower after touching 1.07600 on Wednesday, the lowest level since 3 July.
The EURUSD began its recovery on Thursday following speeches by European Central Bank (ECB) President Christine Lagarde and Bank of England Governor Andrew Bailey. Stronger-than-expected U.S. manufacturing and services PMI data weighed on the Dollar despite weak PMIs in both the Eurozone and the UK.