The euro held above parity with the dollar on the first trading day of the new week, German financial information sites reported. 

The single currency was trading at $1.0085 in interbank foreign exchange trading in Frankfurt today. 

The European Central Bank set a reference rate of $1.0049 per euro on Friday. 

The euro crossed the $1 mark

The euro has been boosted recently by the ECB's more aggressive monetary policy, which last week raised its key interest rates by 0.75 percentage points in a bid to tackle inflation.

In doing so, the institution followed the other major global banks, which raised rates significantly more aggressively.