The U.S. dollar continued to weaken, causing the euro to appreciate over the past week. This was driven by reduced concerns over the strict trade policies of President Donald Trump, which improved investor sentiment and directly impacted the U.S. dollar.

Last week, U.S. retail sales data showed a 0.9% month-over-month decline in January. However, on the upcoming Wednesday, the Federal Reserve will release the minutes of its January policy meeting.

Source: Fxstreet