US Treasury yields fell 3.4 bps, weighing on the dollar index and pressuring the euro amid mixed jobless claims data.
The Dollar Index rose 0.65% to 100.98, pushing EUR/USD down to 1.144 as US Treasury yields partially reversed recent losses. The 10-year yield declined 3.4 bps to 4.45%, while the 2-year yield edged lower by 0.6 bps to 4.18%, flattening the yield curve.
Weekly jobless claims slightly exceeded expectations at 226k, compared to a forecast of 225k. European yields remained stable, with German bunds unchanged at 2.93%, while French and Italian yields rose marginally. The STOXX 600 snapped a five-day winning streak, falling 0.34%.
Equity markets showed mixed performance, with the FTSE 100 down 1.04%, while Italy’s FTSE MIB and France’s CAC 40 reached new highs.