Forex Market Forecast – Euro, Pound, and Yen Test Support as US Yields Drift

The Euro, Pound, and Yen are all testing support as US yields drift lower. This suggests that the US Dollar may be losing some of its upward momentum. If yields continue to fall, we could see further weakness in the Dollar and strength in these other currencies. Traders will be watching US economic data closely for any signs of a change in trend.