The EUR/USD currency pair has fallen to a new low, trading near 1.0200 at the start of the week. The weakness in this major pair is attributed to the US Dollar’s strength, which is bolstered by soaring bond yields. Market participants are taking this information seriously, leading to a reevaluation of their trading strategies.

As traders navigate these turbulent waters, staying informed on Fed policy and economic indicators will be crucial. The outcome of these factors will likely determine the future direction of the EUR/USD pair.