The dollar was weaker this week as US 10-year Treasury yields continued to correct lower from 14-month highs

The dollar was weaker this week as US 10-year Treasury yields continued to correct lower from 14-month highs, registering three-week lows despite strong inflation data. As such, EUURSD bounced from lows around 1.1870 seen at the start of the week. However, the euro still struggles to challenge the 1.2000 barrier that represents the immediate target for euro nulls at the moment. It looks like the pair will fail to overcome this barrier in the short term despite dollar weakness, especially amid unimpressive economic data out of the Eurozone where trade surplus narrowed considerably with exports seen down 2.5% in February. Meanwhile, Eurostat’s final reading of the Eurozone CPI report for March showed that the consumer prices came in at 1.3% on a yearly basis, meeting the flash estimate of 1.3% and 1.3% expectations.