Forex
EUR/USD Plunges Below Key Level Amid Decline in US Yields
The euro traded weakly against the dollar in European foreign exchange trading on September 1st, breaking below the psychologically important 1.1300 level.
As of 20:00, EUR/USD stood at 1.1294, reflecting a euro-weak, dollar-strong bias.
The pair briefly touched its lowest level since May 2025 at 1.1266 after selling pressure intensified in European trading.
The U.S. 10-year Treasury yield declined from the 5.34% range to the 5.28% range, prompting some position-adjustment buying back toward the 1.1290 level.