EUR/USD Gains Traction Despite Softening of Dollar from Lower Treasury Yields
Tuesday, 20 February 2024, 10:37
Euro's Uptick
EUR/USD is up 0.2% to 1.0800, relatively unaffected by ECB data and dollar's dip alongside reduced 10-year Treasury yields.
Market Movements
- USD/JPY retraces and antipodean currencies rise despite subdued risk sentiment.
- Gold price climbs further to $2,026 as stocks face downward pressures.
Market Conclusion: The softer Treasury yields contribute to the dollar's weakness, reflected in various currency pairs' movements and gold's uptrend. Stocks, on the other hand, struggle as S&P 500 futures decline.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.