Sentiment Shifts in EUR/USD as US Dollar Weakens

EUR/USD sentiment is shifting as the US dollar weakens amid mixed equity momentum and higher Treasury yields. US markets saw modest moves in index futures: S&P 500 futures after a slight weekly pullback (weekly +0.4% to 7,785) and Nasdaq 100 strength (weekly +1.1% to 30,046) with both pressured Friday by softer consumer spending and confidence. The yield curve climbed further, and CME’s FedWatch indicates investors are pricing a likely hold in September and a near coin-toss outcome for October even if a 25bp hike remains on the table. Broader drivers also included commodity moves, with gold briefly above $4.4K and Bitcoin returning above $63K.