EUR/USD is trading lower as the dollar rises amid an increase in Treasury yields.
Portfolio Pulse from Benzinga Newsdesk
EUR/USD is trading lower as the dollar rises amid an increase in Treasury yields.
May 29, 2024 | 3:58 pm
News sentiment analysis
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NEGATIVE IMPACT
The Invesco CurrencyShares Euro Trust (FXE) may experience a negative impact as the euro weakens against the dollar.
As the euro weakens against the dollar, the Invesco CurrencyShares Euro Trust (FXE), which tracks the performance of the euro, is likely to see a negative impact.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
The Invesco DB US Dollar Index Bullish Fund (UUP) is likely to see a positive impact as the dollar rises amid increasing Treasury yields.
As the dollar strengthens, the Invesco DB US Dollar Index Bullish Fund (UUP), which tracks the performance of the dollar against a basket of major world currencies, is likely to see a positive impact.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80