Euro Rebounds as USD Declines Across the Board

The Euro (EUR) is rising against the U.S. Dollar (USD) on Monday, starting the week with a positive performance amid the decline of the USD, which in the absence of major economic data remains impacted by the movement in Treasury bond yields.

The benchmark U.S. 10-year Treasury bond yield is down by about five basis points at 1.684%. Meanwhile, the Dollar Index (DXY), which measures the greenback’s performance against a basket of six major international currencies, is down by 0.20% at 91.73.

The EUR/USD is up for the day by 0.33% at 1.1943. The pair has been moving today in a range between 1.1872 and 1.1944, after closing last week at 1.1904 and opening today at 1.1879.