EUR/USD Gains as US Yields and Oil Prices Weaken USD

The EUR/USD pair is trading with mild gains around 1.1480 during the early Asian session on Friday, as the US Dollar edges lower against the Euro amid lower US Treasury yields and moderating oil prices.

The 10-year US Treasury yield fell eight basis points to 4.94% from the previous session, aided by a further drop in oil prices from their highest levels since mid-May.

Fed policymakers project one more rate hike later this year and a hold in 2027, while traders are pricing in more than one additional increase in 2026 and roughly three more by the end of 2027.