The EUR/USD lacks conviction on Thursday, moving between small gains and losses, likely constrained by rising U.S. Treasury yields a day after the Federal Reserve approved another large hike and pledged to continue tightening monetary policy forcefully to curb inflation. At the time of writing, the exchange rate had retreated sharply from the overnight session high of 0.9907 and is largely flat on the day around 0.9843, sitting near one of its lowest levels in more than two decades. Although the euro appears oversold against the U.S. dollar, its prospects remain bearish, with few positive catalysts on the horizon. ... (full story)