The EUR/USD pair took advantage of the USD sell-off in the NA session on Friday and turned positive on the week above the 1.18 mark. As of writing, the pair was trading at 1.1825, gaining 55 pips, or 0.46%, on the day. The initial reaction to the softer-than-expected CPI data from the U.S. pushed the US Dollar Index below the 93 handle in the early trading hours of the American session. Although the index was able to shake off the bearish pressure, it struggled to hold above the 93 mark as the sharp fall witnessed in the Treasury-bond yields weighed on the greenback.
