The euro (EUR) enters Friday's Session with a modest 0.2% profits, still trading less than 1.13, but seeing a definite recovery from a short -term decline to 1.12, notes Shaun Osborne, the main FX strategist Scotiabank.
ECB comments remain
“Economic data publications have been limited and the ECB's comments have remained widely Dovint, with Member of the Council Rehn supporting the cuts in June.”
“The development of trade has been disappointed because the overall tone of the reporting has focused on the preparation of the EU for retaliation measures and German Chancellor Merz, who warns President Trump for negotiations with individual Member States, not as a whole.”
