The EUR/USD pair extended its daily decline in the NA session and touched its lowest level since late November at 1.1267. As of writing, the pair was trading at 1.1271, losing 0.5% on a daily basis.

Since the sharp fall it suffered after the FOMC's dovish shift on January 30th, the US Dollar Index, which tracks the greenback against a basket of six major currencies, closed every single trading day in the positive territory and preserved its bullish momentum for the eighth straight day on Monday. Although there were no macroeconomic data releases from the U.S. today, a more-than-1% jump seen in the 10-year Treasury Bond yield allowed the DXY to extend its rally to its highest level of 2019 at 97.12. The index was last up 0.47% on a daily basis at 97.10.

Source: fxstreet.com