EUR/USD Forecast: The shared currency advances on yields’ decline

The American dollar extended its slump this Tuesday, with EUR/USD hitting 1.1873, its highest in two weeks. The pair fell at the beginning of the week as news from China spurred some risk-aversion, but the positive mood resumed with London and accelerated in US trading hours, with government bond yields falling sharply and dragging the greenback alongside. The EU published April Sentix Investor Confidence, which printed at 13.1, much better than the 7.5 expected. The unemployment rate in the EU remained at 8.3% in February, missing the expected 8.1%. The US released April IBD/TIPP Economic Optimism, which printed at … (full story)

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