Euro hits June highs as falling Treasury yields pressure US dollar
EUR/USD climbed sharply on Wednesday to its highest level since June as the US dollar came under selling pressure following the US Treasury's buyback announcement.
EURUSD
EUR/USD rose sharply during Wednesday's session, reaching its strongest level since June. The move came as the US dollar faced renewed selling pressure.
The pressure on the dollar followed the US Treasury's announcement that it will increase buybacks of longer-dated government debt. Falling US Treasury yields added to the dollar's weakness and supported the euro's advance.
Source: FXStreet Forex News