{"id":127037,"date":"2018-05-21T07:35:50","date_gmt":"2018-05-21T11:35:50","guid":{"rendered":"http:\/\/countingpips.com\/?p=127037"},"modified":"2018-06-01T15:39:45","modified_gmt":"2018-06-01T15:39:45","slug":"eurusd-the-euros-bearish-trend-remains-strong","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2018\/05\/eurusd-the-euros-bearish-trend-remains-strong\/","title":{"rendered":"EURUSD: the euro\u2019s bearish trend remains strong"},"content":{"rendered":"
May 21, 2018<\/div>
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By Gabriel Ojimadu, Alpari<\/strong><\/p>\n

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Previous:<\/strong><\/p>\n

Last week, all the major currencies expect for the Swiss franc declined against the US dollar. The single currency was the biggest loser, shedding -1.42%.<\/p>\n

On Friday, the euro dropped to 1.1750 against the greenback after an unsuccessful attempt at exiting the triangle. The price reversed downwards after news from Italy that two parties (The League and The Five Star Movement) have pledged to roll back austerity measures and increase spending as part of their coalition agreement. Long-term Italian bond yields shot up on this news to reach a 7-month high.<\/p>\n

These geopolitical developments caused the EURUSD pair and US10Y bond yields to move in the same direction. Usually, when US10Y bond yields decline, the US dollar is supposed to drop, while the euro should rise.<\/p>\n

Day\u2019s news (GMT+3):<\/strong><\/p>\n