EURUSD has staged a recovery after dipping below 1.1300. Retreating US T-bond yields make it difficult for the dollar to gather strength. Trading FX Forex
Retreating US T-bond yields make it difficult for the dollar to gather strength.has regained its traction after dropping below 1.1300 on Monday and seems to have gone into a consolidation phase a trade below 1.3550 early Tuesday.
In case Powell sticks to the hawkish outlook, we could possibly see another leg higher in yields, which could translate into renewed dollar strength. On the other hand, the greenback could find it difficult to attract investors in case Powell adopts a cautious tone. On the upside, 1.1360 aligns as the first hurdle. In case this level turns into support, the pair could target 1.1380 and 1.1400 . Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions.