EUR/USD rises to $1.1670 as U.S. 10-year yield slips

EUR/USD traded slightly higher in the New York foreign exchange market on the 25th, reaching $1.1670 per euro at 24:00, up roughly $0.0004 from $1.1666 at 22:00. The pair touched a daily high of $1.1675 after 22:00, but failed to break the previous day’s high of $1.1687, which acted as near-term resistance. The U.S. 10-year Treasury yield, a benchmark for long-term U.S. interest rates, fell to the 4.64% range, prompting broad dollar selling. Dollar-yen eased to 159.25 yen per dollar, while EUR/JPY was little changed at 185.84 yen per euro. Weaker-than-expected August U.S. economic indicators had limited market impact, and Boston Fed President Susan Collins’s hawkish comments were viewed as largely priced in. U.S. long-term interest-rate trends remained the dominant market theme, with major currency pairs confined to established ranges.

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