EUR/USD: Rising Bond Yields Prompt Dip

EUR/USD is succumbing to some profit taking as US bond yields edge up in the wake of the rise inflation expectations as captured by the University of Michigan survey. A run to 161.00 (and through) is helping limit dips though as prices pullback to 1.3530 support. Bids are eyed in the 1.3515/20 area near-term, dealers report.