This week's main theme has been a drive away from the dollar and into currencies of economies with better fiscal discipline and lower debt levels. The short-lived rally in US long-dated bonds fuelled rallies in gold and silver prices, which, along with the like of Swiss franc, benefitted further from increased haven flows.
Euro: Set to outperform Pound, US Dollar and Yen - Nomura
Experts agree: Weak Dollar backs near-term upside in EUR/USD
Euro: Gentle upside against US Dollar as greenback softens - ING
Euro: Further upside toward 1.1725 against US Dollar – UOB
Euro gains on hawkish ECB outlook despite firm US Dollar
Euro fades below 1.1700 as US Dollar rebounds on yields
Euro: Bullish trend eyes upper 1.17s against US Dollar – Scotiabank
Euro eases from three-month high as US Dollar stabilises, Jobless Claims beat expectations
Bulls hold grip after Wednesday's 0.85% advance (the biggest daily gain since March 19), after generating bullish signals on break above 200DMA (1.1628) and Fibo 61.8% of 1.1849/1.1324 (1.1648) and probe through round-figure barrier at 1.1700.
EUR/USD is rising strongly and there's little to limit the euro's gains currently. But how far can this go on and what are the risks?
1.1700: Euro hits three-month highs as US Bond buyback plan crushes the US Dollar