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EUR/USD Trading Lower Near Lowest Level in Two Days

M. Ali 27 May, 2021 12:08 am Forex Market, Market Update

The Euro (EUR) is showing a negative performance against the U.S. Dollar (USD), as the greenback is rising across the board on the back of higher Treasury bond yields and eased reflation fears.

Recent remarks by the U.S. Federal Reserve officials suggested that the Fed will be able to limit any unexpected surge in inflation rates.

The EUR/USD pair is trading below the 1.2200 level, near its lowest level in about two days, falling by 0.47% to 1.2193, losing multiple resistance levels.

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