The euro is strengthening amid growing investor confidence in the eurozone

The euro is strengthening against the dollar after the publication of data on the growth of investor confidence in the eurozone economy. The euro rose to $1.1324 from the previous $1.1296, while the dollar declined against the yen to 144.17 yen from 144.95. The dollar index, reflecting its dynamics against a basket of six currencies, lost 0.22%, falling to 99.81 points.

The investor confidence index for the eurozone rose to -8.1 points in May from -19.5 points in April, exceeding the projected improvement to -14.9 points. This indicator demonstrates positive changes in the region's economic confidence, strengthening the euro's position.

This week, the markets' attention is focused on the US Federal Reserve meeting, which will be held on Tuesday and Wednesday. The rate is expected to remain in the range of 4.25-4.5%, which is supported by 98.2% of analysts, according to CME Group. In June, 65.9% of experts also forecast its stability, and in July, about 80% expect a decline below the current level.