EURUSD: Still trading at high prices
EUR/USD soared to its highest since early January, breaching 1.0980 on Friday, but reversed gains in the US session to close slightly lower. The pair ended the week nearly 1% up, settling just below 1.0950 as the new week kicks off.
A dip in the US 10-year Treasury yield to 4% following the February jobs report has kept the USD on a weaker footing against its peers. However, end-of-week profit-taking allowed the dollar to find its footing.
Monday's economic calendar is light, with no major macroeconomic data releases, leaving investors to closely monitor risk sentiment.
As of this writing, US stock futures have edged down by 0.2%. A softer market open could strengthen the USD's position, potentially curbing any immediate upward momentum for EUR/USD.
A dip in the US 10-year Treasury yield to 4% following the February jobs report has kept the USD on a weaker footing against its peers. However, end-of-week profit-taking allowed the dollar to find its footing.
Monday's economic calendar is light, with no major macroeconomic data releases, leaving investors to closely monitor risk sentiment.
As of this writing, US stock futures have edged down by 0.2%. A softer market open could strengthen the USD's position, potentially curbing any immediate upward momentum for EUR/USD.
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