On the one hand, dollar safe-haven demand is getting weaker due to a political chaos in the US and the aggres-sive Trump’s internal and foreign policy. There is some progress in the trade talks with China, but lack of details and official arrangements makes investors nervous. However, this factor is not able to bring buying impetus for the greenback as the currency is focused on a more ‘dovish’ rhetoric.
Now, when the Fed has put its cards on the table, it is interesting to see how the ECB will react to the incoming signals from the regional and global economy. The central bank’s assessment of economic risks is the key for the euro now, and any hints at a delay in the first rate hike could derail the euro’s bullishness in the me-dium term.