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Euro zone government bond yields inched up

Euro zone government bond yields inched up | 05 July 2021

05 July 2021, EUR/USD

Euro zone government bond yields inched up

EURUSD trading plan:

Euro zone government bond yields inched up as the latest economic data showed the 19-country bloc's manufacturing sector expanded at a record pace last month, while firms were seeing the steepest rise in raw materials costs in well over two decades. Most major economies have seen their government bond yields, which drive borrowing costs in their economies, rise sharply this year on bets that central banks will slow stimulus as a global recovery pushes up inflation. This is a positive signal for the European currency. A bullish rally in the oil market will provide additional support to the euro as assets correlate with each other.

Investment idea: buy 1.1840 and take profit 1.1885.

David Johnson
Analyst of «FreshForex» company
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