EUR/USD prints one-month lows near 1.0850

The US dollar is grinding towards achieving weekly gains in all markets. The EUR/USD pair is impacted by higher US yields and gloomier mood. The couple’s week is at its lowest point since September 2022.

For the fourth time in the previous five days, the EUR/USD is declining on Friday, adding to its weekly losses. The pair is circling around 1.0850, consolidating a weekly loss of more than 150 pip, and is at its lowest point in a month.

A higher US dollar overall is the main motivator. The US dollar is rising as a result of the cautious tone in equity markets and higher US yields.

The Dollar Index is up by 0.60% on Friday, trading above 102.50, at the highest level in a month. The Dow Jones is down by 0.31% and the Nasdaq is dropping by 0.53%. The US 10-year stands at 3.44% and the 2-year is approaching 4%.

On Thursday, the BTI indicator, which gauges the strength and directional momentum of the price of bitcoin, changed from bullish to neutral. With the exception of the brief red flash (downtrend signal) in the middle of March and the neutral reading on April 24, the indicator has continuously shown an uptrend since January 13.