Euro Slips to Two-Week Low Against Dollar Amid Energy Prices, US Yields
The euro has fallen to a two-week low against the US dollar. Options traders are increasing protection against further losses. Higher energy prices and rising US bond yields are contributing to the pressure on the euro.
The dollar's safe-haven appeal has been reinforced by these tensions and by rising US Treasury yields. The benchmark 10-year US Treasury yield rose to 4.8%.
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