Story perspectives

Euro Slides Below 1.1700 as Treasury Yields Rise

8/21/2026

Summary

Story summary

The euro slipped below 1.1700, trading near 1.1695 against the U.S. dollar.
Higher U.S. Treasury yields drew investors to dollar-denominated assets, pressuring the euro.
The Federal Reserve (Fed)’s expected policy tightening lifted the 10-year Treasury yield, supporting the dollar.
Scotiabank analysts forecast the euro’s bullish trend toward the upper 1.17s, citing higher lows and momentum.
Other analysts said resilient eurozone data and possible Fed rate cuts could reverse the dollar’s advantage.

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Story summary

The euro slipped below 1.1700, trading near 1.1695 against the U.S. dollar.
Higher U.S. Treasury yields drew investors to dollar-denominated assets, pressuring the euro.
The Federal Reserve (Fed)’s expected policy tightening lifted the 10-year Treasury yield, supporting the dollar.
Scotiabank analysts forecast the euro’s bullish trend toward the upper 1.17s, citing higher lows and momentum.
Other analysts said resilient eurozone data and possible Fed rate cuts could reverse the dollar’s advantage.