EURUSD Tumbles 0.62% as US Stocks Slip; Dollar Strengthens
EURUSD tumbled about 0.62% amid a risk-off move as the S&P 500 fell 0.50% and the Dow fell 0.38%.
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EURUSD tumbled about 0.62% amid a risk-off move as the S&P 500 fell 0.50% and the Dow fell 0.38%.
EURUSD dropped about 0.53% alongside US indices, with the S&P 500 down 0.55% and the Dow down 0.19%.
Dollar strength and soaring long-term European bond yields, plus European fiscal and political risks, pushed the euro lower and global stocks down; gold hit a record high amid safe-haven flows.