EUR/USD is trading quietly in Friday’s European session, as the pair trading in the low-1.30 range. There is growing speculation that the ECB will lower interest rates at next week’s policy meeting, and this could certainly affect the movement of the euro next week. In economic news, German data continues to disappoint, as German Import Prices declined for the first time since January. Eurozone M3 looked weak, missing the estimate. In the US, there was some relief from the string of bad numbers, as Unemployment Claims came in below expectations. On Friday, the US will release Advance GDP and UoM Consumer Sentiment. ... (full story)