Deutsche Bank reports that the Dollar Index rose 0.65% to 100.98, while EUR/USD slipped to 1.144. The move comes as US Treasuries partially retraced prior Fed‑driven losses, with the 10‑year yield down 3.4 bps and jobless claims slightly above expectations. European yields were broadly steady, and the STOXX 600 ended a five‑day winning streak.

Dollar index gains pressure Euro

"So the 10yr yield fell by -3.4bps to 4.45%, whilst the 2yr yield fell by a marginal -0.6bps to 4.18% as curve flattening continued."

"The more stable front-end rates also came amid some steady data with weekly initial jobless claims coming in a touch higher than expected, at 226k in the week ending June 13 (vs. 225k expected)."

"Ultimately, 10yr bund yields (+0.1bps) were essentially unchanged at 2.93%, whilst yields on 10yr OATs (+1.2bps) and BTPs (+1.1bps) were slightly higher."

"The equity performance was also fairly mixed, with the STOXX 600 (-0.34%) ending a run of 5 consecutive gains, whilst the UK’s FTSE 100 (-1.04%) fell back."

"However, Italy’s FTSE MIB (+0.18%) hit an all-time high, France’s CAC 40 (+0.44%) hit its highest since the Iran conflict began, and Germany’s DAX (+0.37%) also rose."

(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor.)