The euro edged higher on Monday as risk appetite picked up while investors awaited a European Central Bank (ECB) policy meeting later this week.
Asian shares joined U.S. stock futures in making cautious gains ahead of U.S. inflation data this week.
Markets, which have already priced in several ECB rate increases and the end of bond-buying stimulus, want more clarity on what comes after.
Hedge funds are already loaded up on euros. U.S. futures market data shows speculators are holding their most significant net-long euro position in 12 weeks.
The common currency was 0.2 percent higher versus the greenback at $1.074….