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EUR/USD at 1.3570 as U.S. Dollar Struggles

The U.S. dollar wallowed at one-week lows against a basket of major currencies on Wednesday, undermined by lower Treasury yields after a batch of data failed to sway markets one way or the other over when the Federal Reserve will scale back stimulus.

The dollar index fell as low as 80.599 and last stood at 80.649, well off this week’s peak of 81.023. Against the yen, the dollar retreated to 101.27 from a six-month high of 101.91 reached on Monday.

Renewed pressure on the greenback helped the euro hit a one-week high of $1.3575, bringing in sight last week’s peak of $1.3584 and this month’s high of $1.3589.

CNBC [1]

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