FXstreet.com (Córdoba) - As stocks retreat from the highs of the day at Wall Street, the Dollar recovers part of the lost ground across the board. EUR/USD is pulling down after peaking at 1.4938, daily high. The pair fell below 1.4900 to 1.4890, but currently is hovering around 1.4900. The Euro is heading toward moderate weekly gains, but the failure to confirm above 1.5000 gives the Dollar an opportunity to recover.
The Danske Reserarch comments on the outlook for the pair: The peak in EUR/USD is in our view still ahead of us as the dollar-negative factors dominate in the short and medium term. Rising equity and commodity prices are negative for the dollar and the dollar is surrounded by negative sentiment due to the massive US deficit and central bank diversification.