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Senior Analyst at Danske Bank Mikael Milhoj gives his views on the near term stance for the pair in light of political developments and key US releases.

Key Quotes

“EUR was kept afloat yesterday as the recent euro-zone doom was somewhat dented by decent inflation figures and Italy worries receding further”.

“Trump’s metal tariff announcement failed to move USD much and there is likely to continue to be some fatigue in the market with respect to this as a driver”.

“If the US jobs report disappoints on earnings today, it could mean a continued recovery in EUR/USD into the weekend”.