The Euro (EUR) is weak, down 0.6% and fully retracing Thursday’s ECB (and US PPI)-driven rally, fading back to the psychologically important 1.15 level. Medium-term outlook remains bullish “The fundamental outlook for EUR remains supportive, given the shift in the outlook for relative central bank policy as the ECB pivots toward a neutral stance while markets price in greater easing from the Fed.” “The release of softer trade and industrial production data have compounded Friday’s sentiment-driven decline, however we remain bullish on the basis of medium-term trends and look to further gains through next week’s FOMC.” Source: https://www.fxstreet.com/news/eur-fades-a-portion-of-this-weeks-gains-on-sentiment-and-softer-data-scotiabank-202506131156