USD: Focus continues to be on US protectionist discussions – Danske Bank

Analysts at Danske Bank suggest that the focus for USD continues to be on US protectionist discussions ahead of the ECB tomorrow, where they see potential for EUR support from a removal of QE flexibility.

Key Quotes

“EUR/USD rose slightly further on the back of the Gary Cohn resignation after the sharper increase yesterday on the back of the North Korea story. Normally, weaker global risk sentiment would cause an appreciation of USD but in this case with a more inward looking US, it is USD negative.”