“A further slight increase in US stock prices could bring the euro/dollar rate back to 1.1250, and perhaps that’s where all the ‘structural’ sellers will be at 1.1250.”
the dollar could see renewed sales if you believe Washington's destruction of the rules-based international order has permanently undermined the dollar's status as a leading reserve currency," ING* said.
“There will be a slew of US employment data released next week, and any deterioration could trigger another round of dollar decline,” ING added.
*ING Group is the largest banking group in the Netherlands. AbbreviationINGStands for Internationale Nederlanden Groep. The main regions of activity are the Netherlands, Belgium, Luxembourg and Germany.