EUR/USD Set to Consolidate Around Current Levels, Says Danske Bank
The EUR/USD currency pair has maintained a rangebound trading pattern this week, exhibiting a slight downward bias within the range of 1.04 to 1.05. Analysts from Danske Bank, including Mohamad Al-Saraf, report that the FX market has largely dismissed recent tariff threats from Trump, who proposed substantial tariffs on imports such as autos and pharmaceuticals. As a result, the Euro remains stable despite these geopolitical tensions. Traders remain cautious, with a close watch on any developments that might influence currency movements in the coming days. The focus remains on potential economic indicators that could lead to volatility in this currency pair.