EUR/USD drops 0.16% to 1.1178 as rising US bond yields drive demand for the dollar, overshadowing European market sentiment.
EUR/USD is down 0.16% to near 1.1178 as US bond yields surge, while ECB comments downplay inflation risks.
The Euro faces downward pressure against the US Dollar, trading near 1.1178 during Thursday's European session. The decline follows a broader rally in US bond yields, which continues to bolster the greenback's performance against major peers.
The pair is declining primarily due to a surge in US bond yields, which has increased demand for the US Dollar.