EUR/USD  Rising US yields, sour market mood weigh on Euro

EUR/USD has experienced bearish move on early Monday subsequent to having shut the earlier week somewhere down in regrettable territory. Despite the fact that trading conditions stay slender because of the Easter Monday holiday in Europe, rising US Treasury bond yields and risk-averse marketing strategy is developed that the common currency is probably going to make some extreme memories tracking down interest.

Following a long weekend, the benchmark 10-year US T-bond yield opened with a bullish gap and hits at its most grounded level since December 2018 2.8% during the Asian session. Mirroring the positive effect of rising US yields on the greenback, the US Dollar Index sits at a two-year high above 100.70 in the early European session.

In the interim, US stock index futures are down somewhere in the range of 0.25% and 0.8%, highlighting to a risk-averse market environment toward the start of the week.

The US financial agenda won’t offer any high-sway information discharges and the dollar’s market valuation ought to keep on driving EUR/USD’s activity.

The European Central Bank’s (ECB) choice to leave the policy settings unaltered last week made financial investors price in an enlarging policy gap between the ECB and the Fed. Thusly, EUR/USD drooped to its least level in almost two years at 1.0757 on April 14.