EUR/USD closed deep in negative territory on Monday and continued to push lower during the Asian trading hours. After touching its weakest level of 20
Following a quiet opening to the week, the benchmark 10-year US Treasury bond yield gained traction and climbed to a multi-year high of 4.7% on Monday. In turn, the rally picked up steam and forced EUR/USD to stay on the back foot. The upbeat ISM Manufacturing PMI also provided a boost to the USD and further weighed on the pair.The table below shows the percentage change of Euro against listed major currencies this week. Euro was the weakest against the US Dollar.
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