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EUR review

The euro strengthened to three-week peaks above $1.09 and could now be a dovish Fed statement away from climbing a few cents higher. U.S. economic uncertainty has tempered dollar bullishness, affording the single currenc…

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The euro strengthened to three-week peaks above $1.09 and could now be a dovish Fed statement away from climbing a few cents higher. 

U.S. economic uncertainty has tempered dollar bullishness, affording the single currency more mobility to the upside. And it also helped sentiment that Athens this week put a new team in place to negotiate bailout talks with its European creditors. 

Consequently, fears of a Greek default and exit from the euro have abated, buoying the euro.

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