EUR/USD portrays bearish consolidation around 1.0900 despite multi-year high US Treasury bond yields

EUR/USD holds onto the week-start corrective bounce while edging higher to 1.0900 amid Tuesday’s Asian session as the US Dollar fails to cheer upbeat

data and the recently upbeat expectations of witnessing higher wages in the US. The reason could be linked to the market’s anxiety ahead of this week’s top-tier central bankers’ speeches at the Jackson Hole Symposium.

Recently, the Federal Reserve Bank of New York's unveiled its SCE Labor Market Survey results suggesting record wage expectations. “The Lowest wage respondents would be willing to accept for a new job jumped to a record high of $78,645 in July, up from $72.873 a year ago,” said the findings.

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