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EUR/USD looks to undo yesterday's technical breakthrough

The pair is now down to 1.0634 on the day, lower by 0.3% as it owes more to a slump in the euro with the dollar keeping relatively steadier on the session. The greenback was slightly softer earlier on but 10-year Treasury yields are now up 2.1 bps to 4.858% and that is helping the dollar to find a bit of a footing. As for the euro, the poor PMI readings from France and Germany has been a real drag for the single currency.With the drop today, EUR/USD is threatening to undo yesterday's technical b... Read More

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Posted: Oct 24 2023, 10:39

Author Name: forexlive

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