3/4/2021 1:56:52 PM GMT EUR/USD Current Price: 1.2030 Retail Sales in the euro area were sharply down in January. US employment-related data came in better-than-expected, helping the greenback. EUR/USD pressures daily lows and is poised to extend its decline towards 1.1950. Market players continue to buy the greenback, sending EUR/USD down to 1.2026 so far this Thursday. Resurgent government bond yields are behind the latest greenback’s advance, although yields retreated modestly ahead of the US Federal Reserve chief Jerome Powell’s speech. Investors are waiting to hear Powell’s opinion on yields and whether the latest rally may affect the current monetary policy.