Fed rate cut triggers risk-off, 10-year Treasury yields hit record lows. USD remains weaker amid rising coronavirus deaths in the US. Focus on likely ECB rate cut and virus updates for fresh moves. Having found buyers near 1.1150 region EUR/USD is heading back towards the two-month high of 1.1212, as the wipeout in the US Treasury yields seems to be boding well for the euro. The US benchmark 10-year Treasury yields hit a record low below 1.0%, as markets remain wary whether the US Federal Reserve (Fed) unexpected 50bps rate cut would be effective enough to combat the negative impact of the coronavirus on the economy. Markets ran for cover in the US bonds, thereby, hammering the US rates by over 15% so far. The crash keeps the US dollar broadly under pressure, with the US dollar index meandering near two-month lows of 97.00. With the rising coronavirus deaths in the US and investors assessing the impact of the massive rate cut by the Fed, the sentiment is likely to remain sour and poses further upside risks to the EUR/USD pair going forward. Meanwhile, the Eurozone Preliminary CPI data came in line with estimates but failed to have any impact on the shared currency, as the major remains at the mercy of the risk trends amid looming coronavirus risks. EUR/USD technical levels to consider FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next OPEC+ ministers won’t shake on deal to up cuts – Energy Intel FX Street 3 years Fed rate cut triggers risk-off, 10-year Treasury yields hit record lows. USD remains weaker amid rising coronavirus deaths in the US. Focus on likely ECB rate cut and virus updates for fresh moves. Having found buyers near 1.1150 region EUR/USD is heading back towards the two-month high of 1.1212, as the wipeout in the US Treasury yields seems to be boding well for the euro. The US benchmark 10-year Treasury yields hit a record low below 1.0%, as markets remain wary whether the US Federal Reserve (Fed) unexpected 50bps rate cut would be effective enough to combat the negative… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.