The EUR/USD price remained in a tight range on Monday and Tuesday morning as the market reflected on the rising bond yields.
The EUR/USD pair remained under pressure as investors focused on activities in the bond market.
These were the highest they have been in a few years. The performance of the bond market is mostly because of the ongoing thinking that the Federal Reserve will be more aggressive in the coming month. Investors expect that the Fed will hike interest rates by 0.50% in its meeting in May. The euro is also falling as the uncertainty of the European economy remains. With the crisis in Ukraine continuing, there are expectations that the economy will retreat. For one, the EU has made plans to end importing oil from Russia and there are hopes that it will stop importing natural gas.
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