EUR/USD DEPRECIATES TO NEAR 1.0500 AS US DOLLAR STRENGTHENS
EUR/USD DEPRECIATES TO NEAR 1.0500 AS US DOLLAR STRENGTHENS
EUR/USD slips, trading around 1.0500 as the US Dollar strengthens.
The US Dollar Index (DXY) climbs toward 106.50, driven by rising US Treasury yields.
US yields on 2-year and 10-year Treasury bonds improve to 4.12% and 4.32%.
The Euro receives support from optimism around Germany's €200 billion emergency defense fund.
The US Dollar faced pressure from weakening US consumer confidence.
