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Euro weakens against dollar as US yields support the greenback
The euro was last around 1.1178 per dollar, while the US Dollar Index was near 102.44 and 10-year Treasury yields hovered close to a two-decade high of 5.36%.
The euro fell 0.16% to near 1.1178 against the US dollar during European trading, with FXStreet citing selling pressure as the US dollar outperformed.
The move was linked to surging US bond yields, with the US Dollar Index trading around 0.2% higher near 102.44, close to its annual high of 102.53 reached earlier in the week.
FXStreet also noted that 10-year US Treasury yields were near their two-decade high of 5.36%, adding to the dollar’s strength versus major peers.
The euro’s weakness continued amid heightened concern around French fiscal issues, according to FXStreet.
Latest closeDollar index 102.19 ▲0.3%