EUR/USD Hits Two-Month Low Near 1.1500 as Yields Swing – Danske Bank

The euro weakened to a two-month low against the US dollar in early trading, briefly touching the 1.1500 level before paring some losses, according to Danske Bank Research.

The move was driven by sharp V-shaped fluctuations in global yields and modest curve adjustments, the bank notes. The retracement suggests volatility remains elevated as markets digest interest rate expectations.

Danske Bank did not provide an explicit forecast beyond noting the yield dynamics. The EUR/USD pair remains under pressure as the dollar strengthens on rate differentials.