EUR/USD’s upward bias will probably stay intact as long as EUR/USD holds above the 55-day exponential moving average, UOB said, adding it was premature to expect EUR/USD to retest 1.1573.

The dollar fell to a two-week low on the back of mounting concerns over spiraling U.S. government debt.

Take a look at how various financial markets have traded following the release of April’s consumer-price index: Treasury yields, the dollar, oil and gold.

Still, the dollar remains under pressure. The WSJ Dollar Index falls 0.3% as the greenback weakens 0.7% against the yen and 0.3% versus the euro. (paulo.trevisani@wsj.com; @ptrevisani) Euro Could ...