The EUR/USD pair attempted to stage a comeback as US bond yields retreated.
Enter your emailThere is a likelihood that the pair will have a bearish pullback today.Timeline: 1-2 days.pair attempted to stage a comeback as US bond yields retreated.AdvertisementThe EUR/USD pair has had a difficult period this week as investors focus on the rising bond yields.
On Wednesday, European government bonds also jumped. The most important one was the benchmark German 10-year bund, whose yield rose above 0% for the first time since 2019. Bond yields in other countries like Italy and Spain also rose. The EUR/USD will react mildly to the December Eurozone consumer inflation data that will come out during the European session. Economists expect the data to reveal that the bloc’s inflation rose to 0.4% on a month-on-month basis and by 5.4% on a YoY basis.
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