The euro prolonged its advance versus the dollar in today’s trading sessions. The single currency has benefited from recent positive economic indicators released across the Eurozone. Market participants anticipate that the European Central Bank will continue to raise interest rates in the coming months, further bolstering the euro’s appeal.

Conversely, the dollar has faced headwinds due to concerns over the United States’ current account deficit and uncertainty surrounding the Federal Reserve’s monetary policy outlook. These factors have contributed to a weakening dollar, providing additional support for the euro’s appreciation.