EUR/USD: the euro remains stuck in the 1.12-1.16 range (Danske Bank)

Danske Bank points out that EUR/USD remains confined to the 1.12 to 1.16 range, as a weak euro environment has dampened the likely positive momentum of a trade agreement.

"From today through Wednesday, the Fed's Powell should speak and we will look for clues as to whether stabilising the balance sheet could pave the way for further rate increases as we believe.

A constructive dialogue between the United States and China should help calm nerves and benefit currencies related to commodities, Scandinavian countries and, to a lesser extent, the euro.

On Friday, US manufacturing PMIs will provide key insights into whether the US is finally escaping the slowdown in recent activity. Indeed, we believe that the United States will recover soon."