Created
: 2025.05.15
2025.05.15 17:55
EUR/USD slipped below 1.12 as a Bloomberg report helped the USD recover ground, but confidence in the greenback remains fragile ahead of key US data releases, Danske Bank's FX analysts report.
"EUR/USD dropped below 1.12, as the broad USD trimmed losses following a Bloomberg report indicating that the US is not pursuing currency-related commitments in trade accords. However, a negative risk premium remains embedded in the USD, which continues to trade meaningfully away from fundamentals and pre-Liberation Day levels, reflecting eroding confidence in the greenback."
"Today's focus turns to a batch of US data, including April retail sales and PPI. Looking ahead, easing tariff developments and stretched short aggregate USD positioning could result in a choppy path toward further USD depreciation."
Created
: 2025.05.15
Last updated
: 2025.05.15
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