The EUR/USD pair is trading at around 1.17800 down 0.45% on Wednesday as both the US dollar and the US Treasury yields are correcting their recent strong up move. The EUR/USD fell to a new 2018 low in the American session before consolidating close to the 1.1800 handle. With the US 10-year Treasury yield jumping up to a new high of 3.093%, the EUR/USD fell back below 1.1800 area. The US Dollar Index, which measures the greenback relative to a basket of currencies broke to new multi-week highs on Wednesday and reached 93.63 to then pull back to the 93.40 area in the first part of the US session. On Tuesday, the 10-year US Treasury yield reached levels not seen since summer 2011 as investors are turning to the US Dollar with the Federal Reserve bank expected to follow through with policy normalization. The risk-off sentiment is also pushing US Dollar higher. (source: fxstreet)