US 10-year bond yields rose more than 5 basis points in the biggest one-day gain since March 2. Long-term bond yields boosted the greenback against the euro, with 1.24 stopping the EURUSD rally.
With the Federal Reserve continuing to tighten monetary policy, the yield spread between US and German 10-year bonds rose more 230 basis points, the highest since December 2016.
For now, investors have begun to worry about the recovery of the Eurozone economy and the possibility of the ECB moving slower on the path of tightening monetary policy as the Euro starts to lose its upward momentum this year.
On the other hand, uncertainty about Trump's economic policies continues to dominate markets as well as geopolitical events in the Middle East.
The EURUSD is currently trading around 1.2380 levels, while the USD index has slightly appreciated against a basket of currencies to reach 89.65 levels.
Oil prices rose strongly during today's trading after Saudi Arabia, the world's largest oil exporter, wanted oil prices to reach $ 80 a barrel and would be happy to reach even $ 100 a barrel. US crude rose to a 3 and ½ year high of $ 67 and Brent crude rose to $ 74.
