Increasing US Treasury Yields Pushes Euro US Dollar to New Three Month Lows

The Pound saw some good gains during trading on Monday following comments from the Bank of England about the hope surrounding the economic recovery in the UK.

There is not a lot of notable data being released today which means that coronavirus progress will be the main focus for investors. At the end of the day, the currency finished at 1.1663 against the Euro and 1.3823 against the US dollar according to the Foreign Exchange Market.

The Euro lost some ground on Monday as the industrial production figures in Germany were lower than expected, delivering a surprise contraction in factory output in January. This meant that the Euro was at risk of being exposed to pressure from the US Dollar as the negative correlation caused EUR exchange rates. The Eurozone’s latest GDP estimate is going to prove important to investors today.

The US Dollar continued upwards yesterday as the currency continued to move in the same direction as US Treasury yields. The strengthening US Dollar came off the back of President Biden’s stimulus package being passed by the US Senate, giving hope that the US economy could bounce back quicker than expected.


NewbridgeFX offers a specialist service in the deliverable foreign exchange market, promoting a range of products and services, available online or over the phone. Our products have been designed to meet the needs of our clients. A lot of these products are ways for businesses, and individuals, to manage and mitigate currency risk, and are used frequently during times of increased volatility. Alongside up to date foreign exchange related market news, which works in tandem with our range of products. 

Spot Contract

Lock in an exchange rate for immediate onward settlement. Funds can be received the same day.

Forward Contract

Lock in an exchange rate today, but for settlement at a later date that suits you, up to 12 months in the future.

Market Order

We monitor the markets real time and take action to trade between currencies when your desired rate is achieved.

Rate Alerts

Set an alert for phone or email notification when an exchange rate has be achieved to take advantage at the best time.