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Euro under pressure from surging US yields
2021-04-13 10:15:16 GMT
(Economies.com)
Euro declined in European trade against dollar on track for the second loss in three days, as US treasury yields climb ahead of US inflation data.
EUR/USD fell 0.25% to 1.1882, after closing 0.1% higher yesterday following strong European data that showed retail sales beat estimates in February.
The dollar index rose 0.2% on Tuesday against a basket of major and minor rivals as investors shun high risk currencies.
US 10-year treasury yields rose 1.5% today for the third straight session, marking week highs at 1.701%.
Later US data might show an accelerated pace of inflation during March, underpinning long-term yields further.
| Symbol | Last | Change | Chg.% | ||
|---|---|---|---|---|---|
|
|
|
1.2086
|
-0.0087
|
0.7110%
|
|
|
|
|
1.4033
|
-0.0103
|
0.7255%
|
|
|
|
Tadawul
|
10322.68
|
86.96
|
0.85%
|
|
|
|
|
26.922
|
-0.883
|
3.176%
|
|
|
|
|
64.200
|
-1.192
|
1.823%
|
|
|
|
|
67.58
|
-1.75
|
2.52%
|
|
|
|
|
1819.170
|
-25.055
|
1.359%
|
|
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