Region: Europe

Dollar looks stretched ahead of CPI. Hopes for breathing room from today’s US inflation print. Beyond the euro’s weakness.

Reflation narrative remains in control. Fiscal fears will keep euro under pressure. Europe makes sterling look good.

Dollar supported on two fronts. Little favouring EUR/USD. GBP/EUR eyes on 1.20 as data looms.

Fed, fiscal and oil risks remain supportive for US dollar. Five weekly declines on the trot for euro. Pound rangebound, but risks remain.

Hawks and hostilities. Little joy for the euro near term. A rare winning streak for sterling.

Dollar making fresh highs. Pause in euro panic, but plenty of protection. Pound at the mercy of broader market dynamics.