The EUR/USD has fallen from 1.17129 around 6:00 pm ET to 1.16964 at 9:00 pm. At 10:55 pm the EUR/USD was flirting right below the 1.1700 market. Analysts over at FXStreet see the dollar losing ground if the Fed decides to go ahead with an expected 25 basis point decrease in the target range for the federal funds rate.
Another important change are the increases in yields for the U.S. ten year and two-year Treasury bond yields. The yield on the US two-year climbed from 3.709% to 3.721% between 7:00 pm and 10:00 pm. The yield on the US ten-year climbed from 4.264% to 4.274% as of 10:00 pm ET.
Alas, at 11:01 pm, the EUR/USD is at 1.16972.
We’ll take a look at things on the legal and policy front tomorrow morning ….
Alton Drew
24 August 2025
Lawyers Write the Bets. Bankers Sell the Bets. 