The financial markets are adopting a cautious stance this Monday, supporting the US Dollar amid a subdued trading environment. With US markets closed in observance of Presidents' Day, trading volumes are expected to remain light. This holiday has resulted in a long weekend for financial markets in the United States, leading to reduced activity across the board.
In currency trading, the GBP/USD pair fluctuates near 1.2600 in the latter half of the day. Meanwhile, the EUR/USD is experiencing modest bearish pressure as it trades below 1.0500. The thin trading volumes due to the holiday contribute to these fluctuations and subdued market action.
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