EUR/USD holds steady amid USD weakness – Danske Bank
|EUR/USD remains stable in the 1.13-1.14 range, Danske Bank's FX analysts report.
All G10 currencies gain against the USD in April
"So far in April, the US Dollar (USD) has weakened against all G10 currencies, with the Euro (EUR) up more than 5% — notably in an environment where CHF, JPY, and gold have appreciated by 4-7% against the USD."
"We discuss how US Treasuries have recovered ground alongside broader risk sentiment. While the future of their reserve asset status will likely remain a key topic in the coming weeks, we highlight that their convenience yield has been absent at the long end of the curve since 2016."
"Overall, while policy uncertainty may have peaked, we view the recent relief rally as fragile and continue to favour buying EUR/USD on dips."
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.