The euro fell to its lowest level against the dollar in two months as global bond yields exhibited sharp volatility.
EUR/USD dipped to a two-month low near 1.1500 early this week before recovering slightly. The move coincided with sharp, V-shaped fluctuations in global bond yields, which influenced currency markets.
The pair had previously traded in a tighter range, with recent sessions showing limited volatility. Analysts noted that the yield swings reflected broader macroeconomic uncertainties, including shifts in monetary policy expectations.
No immediate market reaction was specified, but the currency pair remained sensitive to yield movements and central bank signals.