According to Danske Bank's analysts, the US dollar was weakening against the euro, which continues to buy on the Euro / USD scope.
Key Quotes
"The US dollar has been falling rapidly in 2018 and three factors have put the dollar more emphasis on this week: Treasury Secretary Steven Mannuchin commented," Weak dollar is good for us. " . And on Thursday, an alleged Shahrukh ECB expressed strong views on the development of the euro area. "
"Although we disagree with the fact that a 'weak dollar policy' is something new because Trump had occupied the presidential seat, we believe that the euros have fallen in comparison to the US dollar."
"Both portfolios flows as well as existing account flows are in support of EUR / USD, while we are closing prices of EUR / USD at the fair level (our pricing model suggests 1.29 for cross), we Emphasizes that the strong force is driving the pair through the portfolio flow to both the rising demand for euro assets and the balance of the payment flow. Due to continuous current account surplus, it is continuing to buy on EUR / USD, in our view. "
