EUR/USD SURGES IN ASIA AS THE USD CONTINUES TO UNRAVEL
EUR/USD SURGES IN ASIA AS THE USD CONTINUES TO UNRAVEL
During Asian trading hours, the EUR/USD pair surged, briefly surpassing the 1.14 mark as the US dollar weakened.
The US Dollar Index fell below the 100 level for the first time since July 2023, reflecting diminished demand for the greenback.
Market participants are monitoring the 30-year US Treasury bond yield around 5% and the US Dollar Index near its 2024 low to assess the euro's potential for a sustained breakout.
