ECB meeting in focus Posted 6 hours agoSharePrint EUR/USD is having a rare day in negative territory. Currently, the pair is trading at 1.2006, down 0.24% on the day. The euro has been in fine form in April, racking up gains of 2.3%. The currency has made up most of the ground lost in March when EUR/USD fell by 2.8%. The direction of the US dollar has, to a large degree, been dependent on 10-year US Treasury yields. In March, yields moved higher and provided the dollar with a lift. Conversely, with yields retreating in April, the dollar has suffered broad losses.