• EUR/USD fell to a fresh 30-week low on Monday.
• US markets were thinned by a holiday, but the Greenback still rose.
• Fiber traders will get a breather before key data drops in the latter half of the week.

EUR/USD slid to a fresh 30-week low on Monday, kicking off the first trading session of the week with a 0.6% decline. Fiber extended losses below the 1.0700 handle as Euro bulls evaporate as markets await key US Consumer Price Index (CPI) inflation and a fresh update to pan-European Gross Domestic Product figures, both of which are slated to publish during the back half of the trading week.

The Euro has only a mid-tier smattering of economic data on the economic calendar for the early half of the week, leaving Fiber traders to chew on the US’ upcoming CPI inflation print due on Wednesday. October’s headline US CPI is expected to accelerate to 2.6% YoY from the previous period’s 2.4%, with core CPI for the same period forecast to hold steady at 3.3% YoY. Thursday will follow up with US Producer Price Index (PPI) business-level inflation, which is also expected to tick higher to 2.9% YoY in October from 2.8%.