Lower crude prices and Treasury yields push the USD lower, with EURUSD and GBPUSD testing key resistance levels.
The USD fell broadly, supported by a decline in crude oil prices and Treasury yields. Oil traded near $75.82, approaching its 200-day moving average at $73.47, while the 10-year yield dropped 4.4 basis points to 4.423%.
EURUSD rose to a session high of 1.1619, nearing the 50% midpoint of its March trading range at 1.16287. A break above this level could target June highs near 1.1644. GBPUSD also advanced, reaching 1.3443, extending its recovery from last week’s lows.
The USD remained stronger only against the JPY, as technical resistance levels for EURUSD and GBPUSD drew attention from traders.