EUR/USD declines following upbeat US Manufacturing PMI and Prices Paid Index, hinting the Fed might refrain from easing policy.
The rise in the US Dollar Index and Treasury yields reflects growing confidence in the US economic outlook.
Upcoming Eurozone manufacturing PMIs could push the EUR/USD further down, with estimates expected to contract further.
The Euro extends its losses against the US Dollar, with most European markets being closed in observance of Easter Monday. Data from the United States sponsored a leg down in the EUR/USD, which tumbled more than 0.40% and traded at 1.0742.
