From a fundamental point of view, we just saw weak inflation numbers from Spain and from some German states. Looks like pressure on the ECB is easing somewhat. In the light of the recent dollar weakness being a result of a weak USD inflation print the question is whether this will make the euro drop. On the other hand it could of course support risk sentiment which might support the euro, but from my point of view inflation is the dominant topic, so the euro should drop based on the news we got today.
Another day, another dollar.
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