Bearish
EUR/USD declines to 17-month low as French bond yields rise and dollar strengthens
In the past 24 hours, EUR/USD has fallen to a 17-month low, influenced by rising French bond yields and a strengthening U.S. dollar. The French 10-year yield increased to 4.73%, narrowing the spread with German Bunds to 129 basis points, while the U.S. dollar index held near a two-month high. These factors have contributed to the euro's decline against the dollar.
Key points
- French 10-year yield rises to 4.73%, narrowing Bund spread to 129 basis points.
- U.S. dollar index holds near two-month high, strengthening against major currencies.
- EUR/USD trades at 1.1194, down 0.59% in real-time data.
Sources
AI-generated from public news sources. Not financial advice.
