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."
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