EUR/USD is rising despite a falling 10Y yield differential, signaling a divergence from typical rate-driven behavior. This move is likely fueled by expectations of Fed rate cuts due to soft U.S. economic data, a recovering Eurozone trade surplus, and broader macro flows like de-dollarization and geopolitical tensions. Tariff risks and speculative positioning are also driving capital toward the euro, overriding yield-based fundamentals for now
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.