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The euro regained its footing against the US dollar Monday, surging from a five-month trough, although it was anything but energetic, despite concerns the geopolitical upheaval could emerge at any time.
The common currency glided 0.2% to $1.3546, stretching Friday’s bounce from a five-month low of $1.3491.
"The Japanese holiday has quietened things in Asia. There is not a great deal of first-tier data either and investors have one eye on geopolitical events, all of that is a recipe for generally lacklustre trading," said Mitul Kotecha, Head of FX strategy at Barclays.
Last week, a Malaysian plane crash in eastern Ukraine and on-going fight in Gaza continued to make headlines, although markets were mild for now.
The currency was at ¥137.10, off a five-month trough of ¥136.71.
