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Forex

EUR/USD Slides as US Dollar Surges with Treasury Yields Hitting Fresh Highs

Guavy AI Editorial Team
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EUR USD
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The EUR/USD pair is trading lower at around 1.1310 due to the US Dollar outperforming its major counterparts.

US Treasury Yields have surged, hitting fresh highs near 5.30%, with a significant increase in 10-year yields being a major contributor to this trend.

The Euro is facing pressure despite preliminary German HICP data coming in stronger-than-expected for September.

Investors will be keeping an eye on the flash Eurozone HICP data for September, which will be released on Friday and could provide further insight into the economic outlook.

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