The euro held near 1.1650 despite France’s credit downgrade, showing resilience against a stronger dollar.

The euro held near 1.1650 against the U.S. dollar on Monday, recovering slightly after a three-day rally ended, pressured by France’s credit downgrade to A+. Despite a stronger dollar fueled by President Trump’s softer trade stance on China, the euro showed resilience, rising above 1.1620 and breaking a key bearish trend line. Technical indicators show no clear trend, with the pair range-bound between 1.1600 and 1.1775, as traders await catalysts. GBP/USD rebounded above 1.3400 but faces resistance near 1.3460, while gold briefly hit a record above $4,350 before retreating amid ongoing market caution.