Forex
EUR/USD Slips Below 1.13 as Dollar Strength Continues
The EUR/USD has slipped below the major round number of 1.13, and the market is taking notice.
The euro remains under pressure due to higher U.S. yields, but European yields have also moved higher, limiting the downside for now.
The central issue remains the interest-rate differential between the United States and Europe, with U.S. yields continuing to push higher.
A weak U.S. jobs report could challenge the current dollar-positive narrative, potentially prompting traders to reconsider whether U.S. yields have moved far enough for now.