EURUSD : Increase when USD is facing disadvantages!
EUR/USD started the new week on a strong note, bouncing back to the 1.0860 area after Friday's dip. Market sentiment remains optimistic despite reduced bets on a June Fed rate cut, while the 10-year US Treasury yield hit a 4-month high at nearly 4.43%, reflecting shifted expectations for Fed rate cuts later this year.
Despite strong US Non-Farm Payroll data reducing hopes for a March rate cut, the US Dollar declined. The US Dollar Index (DXY), tracking the USD's value against six major currencies, slightly fell to 104.30, providing meaningful upward momentum for EUR/USD!
Despite strong US Non-Farm Payroll data reducing hopes for a March rate cut, the US Dollar declined. The US Dollar Index (DXY), tracking the USD's value against six major currencies, slightly fell to 104.30, providing meaningful upward momentum for EUR/USD!
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