The Euro retreated from a three-month high as rising US Treasury yields bolstered the Dollar, capping gains for the currency pair.
EUR/USD slipped below the 1.1700 level on Thursday, erasing earlier gains after failing to sustain momentum above the key threshold. The pair closed near its opening level, pressured by a rebound in the US Dollar driven by rising Treasury yields.
The Euro had earlier touched a three-month high but struggled to hold above 1.1700 amid broad Dollar strength. Market focus remains on yield movements and their impact on currency valuations, with no significant shift in positioning from the prior session.
Trading activity showed limited volatility, reflecting a consolidation phase after recent gains.