NZD, GBP Gainers, But EUR/USD Retreats

The Euro drops sharply during the New York session, down 0.08%, trading around the 1.1300s. In the last two hours, the market sentiment has been mixed.

European stock indices finished the session in the red territory, contrarily of rising US indices across the pond. The NZD and the GBP are the leading gainers in the Forex market, while the rest of the G8 peers print modest losses.

The EUR/USD tries to break under the 1.1300 figure for the second time, as the USD seems to benefit from higher US bond yields, rising from the short-term until the long-maturity ones.

The US 10-year Treasury yield, one of the barometers for rates, edges up two and a half basis points, settling at 1.46%, amid a group of Fed speakers crossing the wires.

The US Dollar Index, which tracks the greenback’s performance against a basket of six rivals, advances 0.11%, reclaiming the 96 handle, sitting at 96.13.